August 14: European session
Cable jumped to $1.5500 as the negative GBP labor market forecasts didn't come true. Claimant count showed the biggest fall since May 2010. What's more, the previous reading was revised from -21.2K. Unemployment rate stayed unchanged.
As for the BoE minutes,
- 9-0 members voted to keep interest rates and QE on hold
- 8-1 members voted for forward guidance framework
Euro zone’s Q2 flash GDP rose by 0.3% q/q, beating the +0.2% estimate (prior: -0.2%). Indicator contracted by 0.7% y/y (estimate: -0.8% y/y, prior: -1.1%). EUR/USD stable around $1.3260.
Source: Forex Factory