Flash: UK labour market and GBP/USD - OCBC

FXstreet.com (London) - Today, Emmanuel Ng said look to UK labour market numbers where we have seen them being, on net, was better than expected, though the all-important ILO unemployment rate for August came in unchanged and on consensus at 7.7%.

Key Quotes:

“The GBP/USD continued to be repelled by the 1.6000 ceiling on Tuesday despite slightly warmer than expected UK inflation numbers and amid broad dollar volatility”.

“For today, apart from US headlines, look to UK labor market numbers …with supports expected towards 1.5940 and then 1.5900”.