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EUR/GBP skids to six-month low of 0.8511. Economists at Société Générale analyze the pair’s outlook.
The BoE two weeks ago mentioned, like the Fed, it does not have the confidence yet on inflation to cut rates. That won’t change after earnings ex-bonuses slowed in December to 6.2% 3m/YoY, above forecast of 6.0%. November was revised up by 0.1ppt to 6.7%.
Employment rose by 72K. Payrolls, a notoriously volatile data series, expanded by 48K in January. December was revised up to 31K.
For EUR/GBP, a pullback to the 0.8400-0.8500 range becomes a distinct possibility for the first time since 2022.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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