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GBP/USD’s corrective drift extends after softer wage data. Economists at Scotiabank analyze the pair’s outlook.
Average Weekly Earnings growth eased to 5.6% in the three months through January (down from 5.8% and a bit below consensus estimates for a 5.7% gain). Ex-bonus pay eased to 6.1% over the same period, against expectations of a steady (6.2%) outcome. Jobs data showed some softening in labour markets. Easing pay pressures and a cooling labour market will be welcomed by policymakers.
GBP losses from last week’s high have extended a little further today but the dip in Cable retains a corrective look (bull flag potential), implying that gains could resume on a rebound back above 1.2815/1.2820 intraday.
Support is 1.2755/1.2765.
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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