GBP/USD Forex Signal: Sterling Sell-Off Not Over Yet

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The $GBPUSD has been under intense pressure in the past few days. Will you still trade this market? Get our daily signal here

The Office of National Statistics published the latest jobs numbers on Tuesday. The data revealed that the unemployment rate declined from 4.2% in October to 4.1% in November. This decline was better than the median estimate of 4.2%.

On a year-on-year basis, the CPI is expected to have risen from 5.1% to 5.2%, which is significantly above the Bank of England target of 2.0%.

 

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