On Wednesday morning, the Cable price went under the support of the 1.3785 line which had kept the rate from declining since the middle of Tuesday’s trading. At the time of writing the price now is around the 1.3750 price line and expected to move lower.
Economic data released on Wednesday showed the Jobs Openings, and Labor Turnover Survey (JOLTS) reached a record 10.9 million available jobs the US in July.
Later in the day the US will report their Unemployment Claims and 30-year bond auction. Also, on Friday, growth and industrial production data are due in the UK but also in the US the Producer Price Index (PPI).
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