GBP

UK hiring falling by fastest pace in over 3 years

• Wage growth also slows according to Recruitment and Employment Confederation and accountants KPMG

GBPUSD ending European session near highs. Short term bias shows buyers "in play".

• End of week technical view of the GBPUSD as the clock ticks to close for the trading week.

GBPUSD tests 100 hour moving average and 38.2% retracement of move down from July 27 high

• The 1.2758 – 1.27628 technical levels are being tested.. .well now broken as I type

UK July construction PMI 51.7 vs 48.0 expected

• Latest data released by S&P Global - 4 August 2023

Bank of England's Huw Pill is speaking on the Bank's latest rate hike on Friday

Cable bounces back after the Bank of England

• Cable now flat on the day

GBPUSD technicals are settling between 1.2600 below and 1.2700 above. Sellers in control.

• The price is lower on the day, but there was a bounce.

A summary of the comments by topic by the BOE Bailey. GBPUSD bounces off support target.

• The GBPUSD has seen a modest bounce

I don't think there was a case for a 50 bps rate hike today - Bailey

• The pound is slipping further on this comment

Just a minor shift in BOE rates pricing right after the decision

• Traders are seeing odds of a 25 bps move in September at around 68%

GBPJPY Technical Analysis - Waiting for the BoE

• The BoJ caused big volatility in the JPY leading to whipsaws and messy price action.

Pound eases lower ahead of BOE policy decision

• Traders hedging their bets?

UK July final services PMI 51.5 vs 51.5 prelim

• Latest data released by S&P Global - 3 August 2023

Bank of England Monetary Policy meeting preview: 25bp rate hike but it's a very close call

Nomura expect a +25bps rate hike from Bank of England today, but +50 remains on the table