Stronger UK labour data supports BoE rate hike expectations
MUFG notes the Pound is strengthening with EUR/GBP near its year-to-date low and GBP/USD above 1.3350 after stronger UK labour data showed rising payrolled employment and private sector wage growth in line with Bank of England projections.
Original · FXStreet AI summary of public reporting
Why: Strong UK labour data aligns with BoE projections → supports rate hikes
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At publication → CurrentGBP1.338 → 1.339+0.1%