Senior Market Analyst Craig Erlam talks about today’s economic data with particular focus on the UK manufacturing PMI and its impact on sterling and US unit labour costs and what it means for wages and the Fed.

GBP/USD – Pound Surges on Strong UK Manufacturing PMI

Expect Whiplash Price Action Ahead of NFP

AUD/USD – Aussie Shrugs Off Weak Capex, Retail Sales Reports

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