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GBP/USD down on labor data

UK labor market data came out mixed. Unemployment rate fell from 6.9% to 6.8% in line with forecasts, but the jobless claims contracted less than expected (-25K vs. expected -30.7K). Weak wage growth remains a matter of concern for the markets. GBP/USD came under a selling pressure right after the release.

The markets now await the BoE Inflation Report and Marc Carney’s speech at 9:30 GMT. 


Chart. H1 GBP/USD

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