Coming up at the bottom of the hour - UK wages/jobs data

Author: Mike Paterson | Category: News

GBP data risk being released at 08.30 GMT 13 Sept

UK July jobs and August wages data due out shortly so let's see what the algos make of it.

After yesterday's stronger than expected inflation data clamour for a rate hike will increase if the wages report trims the current gap vs rate of inflation.

GBPUSD sellers/res between 1.3330-50 but, once again as I said yesterday, a stronger than expected reading will blow that straight out the water from current levels (1.3308) so the next area to watch will be 1.3380-00.

Demand/support 1.3250-80

Still flying solo on this shift, more's the pity, so as usual I advise you to have a data screen handy but I'll try and get it all out to you with brief analysis asap.

GBPUSD and EURGBP order boards here and here

GBPUSD currently 1.3310 and EURGBP 0.9010

Data expectations: