GBPUSD – Flat
GBPUSD trading plan:
Britain’s jobless rate rose for a second month and there were other signs in data that some of the inflationary heat in the labour market is cooling as the economy stumbles, including an increase in older people looking for work. The unemployment rate increased to 3.7% in the three months to October from 3.6% in the three months to September. Vacancies in the September-to-November period fell on an annual basis for the first time since early 2021 when Britain was under lockdown. Total pay including bonuses also increased by an annual 6.1%, the ONS said. The prospect of high services sector pay growth contributing to sticky inflation is more likely to make it harder for the Monetary Policy Committee to cut interest rates next year.
Investment idea: buy 1.2340 and take profit 1.2411
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