GBP/USD-Commentary
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November 12, 2024 7:39 AM UTC
UK labour market data mixed but GBP slightly lower, perhaps focusing on the rise in the unemployment rate. But stronger than expected average earnings data may be more significant and could prevent a BoE rate cut in December
July 24, 2024 11:35 AM UTC
Former NY Fed president Dudley has written an article calling for an immediate rate cut to avoid recession. His status suggests the market will need to price in a July cut as a more significant risk, puting downward pressure on the USD.