A more bearish signal will happen when the $GBPUSD pair moves below the support at 1.3495.
According to the Office of National Statistics, the country’s unemployment rate held steady at about 4.1% in December. That rate is slightly above where it was before the pandemic started. Redundancies have fallen while wage growth has done well.
Meanwhile, analysts believe that the core CPI declined to -0.4% on a MoM basis and then rose slightly to 4.3% on a YoY basis.
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