The $GBPUSD price moved sideways ahead of the upcoming UK GDP data. Trade with our Forex signal:
It was trading at 1.1116, which was much higher than this week’s low of 1.1015. This price is lower than last week’s high of 1.1500.The GBP/USD price remained unchanged after the latest UK employment numbers. The unemployment rate dropped from 3.6% to 3.5% in August. This decline was better than the median estimate of 3.6%. Additional data showed that average hourly earnings increased from 5.2% to 5.4%. Including bonuses, wages rose from 5.5% to 6.0%.
The Office of National Statistics will also publish the latest construcion output and trade statistics data. On trade, analysts believe that the trade deficit rose to over 20.4 billion pounds in August.
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