By Rob Howard — Nov 12 - 02:45 AM
Cable extends south to 1.2801, lowest since Aug 15, following UK jobs data
Job vacancies at lowest level since May 2021; jobless rate 4.3% vs 4.1% f/c
UK ex-bonus earnings up 4.8% YY, lowest since June 2022 (4.7% was forecast)
1.2819 was Asia low (200DMA), pre-UK data, courtesy of more 'Trump trades'
Republicans projected to win majority of House seats in government sweep
1.2798 was Aug 15 low. 1.2835 (last week's low) is now a resistance level
Source:
Refinitiv IFR Research/Market Commentary