The pound sterling fights before the policy of the Fed and the BOE
The pound sterling (GBP) is quoted with caution in front of its peers before the United Kingdom labor market (United Kingdom) for the three months that end in January and the monetary policy decision of the Bank of England (BOE), scheduled for Thursday. Investors will pay special attention to the average profit data, a key measure of salary growth that has contributed significantly to high inflation in the service sector.
The main global data on people, analysis and information from the United Kingdom, Brightmine, showed on Tuesday that salary growth has slowed down, since business owners are cautious before the implementation of an increase in payroll taxes as of April. The Treasury Chancellor of the United Kingdom, Rachel Reeves, announced an increase in the contribution of employers to the National Insurance (Ni) from 13.8% to 15% in the Autumn Budget. Read more…
GBP/USD Forecast: The sterling pound loses bullish impulse, attention in the Fed
After registering strong profits on Monday, the GBP/USD continued advancing on Tuesday and touched its strongest level since the beginning of November above 1.3000. The pair remains defensive and listed below 1,3000 during the European session on Wednesday.
The caution of the markets helps the US dollar (USD) to stand firm in front of its rivals in the middle of the week and causes the GBP/USD to stretch down. On the afternoon of the American session, the Federal Reserve (FED) will announce monetary policy decisions and publish the Summary of Economic Projections (SEP) reviewed, the so -called points graph. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
