GBP/USD recovery extends but upside limited

GBP/USD: Softer UK labour data keeps BoE easing bias – TD Securities

TD Securities analysts project further loosening in UK labour conditions, with employment falling, unemployment rising to its COVID peak of 5.3%, and wage growth easing but still elevated. They note this backdrop has previously supported Bank of England (BoE) easing, though near term focus may shift to inflation implications from Iran-related shocks rather than domestic data alone. Read more…

GBP/USD: Recovery extends but upside limited – UOB

According to UOB’s Quek Ser Leang, GBP/USD rebounded to 1.3364 and may edge higher toward 1.3410, though a clear break above that level is seen as unlikely given only modest momentum. Intraday, gains are expected to stay below 1.3390, with support at 1.3335 and 1.3320. On a multi-week view, a weekly close below 1.3300 could still trigger a deeper slide toward 1.2945/1.3010. Read more…