Pound Sterling corrects on cautious mood ahead of Bailey speech – by Sagar_Dua24 GBPUSD BOE Fed Employment SEO
Pound Sterling has dropped at a snail’s pace ahead of the anticipated speech from Andrew Bailey.In addition to Bailey’s speech, UK’s labor market data on Tuesday will be keenly watched.
Investors will keenly watch cues about inflation and interest rate guidance and methods to which the central bank is looking beyond monetary tools. Claimant Count Change is expected to show an increase of 20.5K in June vs. a decline of 13.6K reported last month. United States Nonfarm Payrolls missed expectations but wage pressures remained resilient, which is sufficient to terrify Fed policymakers about inflation guidance.
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