EUR/GBP: Weak UK Jobs Data Pushes BoE Toward Patience, but CPI Holds Key to Breakout - ActionForex

British Pound to Euro Forecast: GBP Holds 1.15 Despite UK Payrolls Shock

The Pound to Euro exchange rate (GBP/EUR) held above the 1.1500 level after Sterling drew temporary relief from easing UK political tensions, although weaker-than-expected labour market data curbed further gains.

UK stocks rise as weak labour data eases rate hike concerns

UK equities moved higher on Tuesday after weaker labour market data eased concerns over an immediate interest rate hike from the Bank of England.The blue-chip FTSE 100 index rose 0.61% as of 11:13 am GMT, while the midcap FTSE 250 climbed 0.81%.Fresh labour market data from the UK tax office showed that payrolls in April fell by 100,000 compared with March. Meanwhile, the unemployment rate increased to 5% for the first quarter, up from 4.9% reco…

EUR/GBP: Weak UK Jobs Data Pushes BoE Toward Patience, but CPI Holds Key to Breakout - ActionForex

Sterling softened after the latest UK labor market data reinforced expectations that the Bank of England is likely to adopt a more patient near-term stance on interest rates. The sharp decline in payroll employment, rising unemployment rate, and cooling wage growth excluding bonuses all pointed to a labor market that is gradually losing momentum, reducing […] The post EUR/GBP: Weak UK Jobs Data Pushes BoE Toward Patience, but CPI Holds Key to Br…

Market Report: UK jobs data cools rate fears, Trump takes pause

Mixed start for equity markets, UK set for positive open Weak UK jobs data gives hope that the BOE can hold rather than hike Standard Chartered reveals new medium-term targets Oil prices ease a touch as US holds off on fresh attacks Matt Britzman, senior equity analyst, Hargreaves Lansdown: “Global equity markets are looking positive this morning, with the FTSE 100 building on yesterday’s strong showing as oil prices ease back from recent highs.…