Yes good people it's almost data highlight time
Eamonn ran a preview here and now I just want to re-iterate that the focus of markets and the BOE will be wages rather than jobs
That's the big one right now and has been for months as the Old Lady places emphasis on wages vs productivity now that unemployment has made good progress lower
That's not to say that today's jobs data will be pointless, especially after a recent nudge higher in unemployment which Ryan eloquently explains here
Here's the forecasts:
I'll be surprised to see data much better than expected and I will continue to sell GBPUSD rallies.
Offers now between 1.5380-1.5400 and of course more above 1.5450 where we've failed to hold on an number of occasions now. Bids around 1.5330 and into 1.5300 with more at 1.5285
EURGBP has demand around 0.7300 and offers/res around 0.7360 then more between 0.7385-0.7400
Expect any knee jerk to settle down as traders remain cautious into US CPI later and FOMC tomorrow
