Wages in the UK are rising in a slower pace than expected: 2.4% instead of 2.8% expected. Excluding bonuses, the gain is 2.8%, within predictions. The unemployment rate comes in at 5.6%, as expected. Jobless claims for July fall 4.9K, and that’s better than expected.
GBP/USD is quickly losing ground. The immediate reaction was a fall all the way to 1.5538, and this was followed by a bounce to 1.5550.
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