Euro/Pound: A Dip Buying Opportunity? Euro/pound is currently hovering around strong support levels, and today’s UK labor report has provided additional factors to consider. While payrolled employees dropped by 59,000 in August—indicating possible labor market strain—the broader employment picture is more optimistic. The UK saw a surge of 265,000 new jobs in the three months … Read more
Waiting for the UK GDP: What Will It Show? Today’s UK labor data has delivered a complex picture, setting the stage for tomorrow’s GDP release, which could significantly impact the pound’s direction. On one hand, payrolled employees decreased by 59,000, or 0.2%, in August 2024—marking a concerning development for wage-earners. This fall follows a downwardly … Read more
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