The UK Office for National Statistics will release its labour market report at 07.00 GMT. The UK ILO (International Labour Organization) Unemployment Rate is anticipated to inch up to 5.1% in October from 5.0% in the previous month. Employment Change recorded a decrease of 22,000 in September. The Claimant Count Change for November is expected to rise by 22,300 from October’s 29,000, with the Claimant Count Rate holding at 4.4%.
GBP/USD is currently trading negatively ahead of the UK’s labour market data. Traders exhibit caution due to upcoming US economic data such as Nonfarm Payrolls, Retail Sales, and Purchasing Managers Index, which are set to be released on Tuesday. A better-than-expected data might boost the Pound Sterling, challenging the 1.3400 psychological level. Resistance is seen firstly at 1.3438 and subsequently at 1.3471.
The GBP/USD pair remains stable around the 1.3370-1.3365 range, with traders awaiting key macroeconomic releases. The upcoming UK inflation data on Wednesday and Bank of England policy decision on Thursday are pivotal for the Pound. Additionally, US consumer inflation figures on Thursday will be crucial for GBP/USD’s short-term direction.
Risk aversion limited GBP/USD gains with expectations of a BoE (Bank of England) rate cut on Thursday. Markets have almost fully priced in a 25-basis point rate cut, with another expected by mid-2026.
Ключевые моменты:
– Фунт стерлинг торгуется осторожно, реагируя на последние данные с рынка труда.
– Уровень безработицы в Великобритании за ноябрь составил 4.5%, незначительное увеличение с 4.3% в октябре.
– Текущий ценовой диапазон GBP/USD около 1.3370 указывает на ожидания трейдеров ясного сигнала для действия.
– Разница в политике центробанков продолжает влиять на силу фунта против доллара.
– Уровень 1.3400 будет ключевым сопротивлением, и его прорыв маловероятен.
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