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UK Jobs giveth, BoE inflation report taketh away from GBP

by Ashraf Laidi
Nov 12, 2014 12:37

GBPUSD dropped near 14-month lows after the BoE inflation report sharply lowered near-term inflation forecasts, erasing all the gains emerging after release of a favourable UK jobs report. Those subscribers to our Premium Insights taking the short GBPCAD trade have seen a decline of more than 100 pips in the pair. Full charts & analysis here.

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UK Jobs giveth, BoE inflation report taketh away from GBP - Uk Earnings Nov 12 (Chart 1)

 
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