The Pound Sterling (GBP) gathers strength to extend upside toward the crucial resistance of 1.2300 amid improved market sentiment and better-than-anti
Pound Sterling advances as the market mood turns cheerful. The UK ONS reported that the labor force shed jobs for the third time in a row. The BoE is expected to leave interest rates unchanged next week. cipated employment data. The UK Office for National Statistics reported that the labor market shed jobs for the third time in a row in the quarter to August, but the number of jobs lost was lower than expected.
The 10-year US Treasury yields drop ahead upcoming keyUS economic data tobe released later this week. Investors keenly await Q3 Gross Domestic Product , Federal Reserve's preferred inflation gauge and Durable Goods Orders data. Investors seem worried about deteriorating financial conditions due to higher yields and Middle East tensions as they could trigger a slowdown in the US economy. Technical Analysis: Pound Sterling approaches 1.2300 Pound Sterling prints a fresh weekly high around 1.
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