“A Modest Dip in Inflation Keeps The Boe Cautious, With Service Costs and Wages Still Running Hot. Will The Spring Economic Statement Stir The Toves?”, – WRITE: www.fxempire.com
- Additional Costs on Businesses in the Budget.
- Low Business and Consumer Confidentnce.
- Sluggish demand at home and abroad.
- Uncertainty Resulting from Tariff Policies as Headwinds.
Market Views: Rate Cut Heps May Fade Bob Elliott, Chief Investment Officer at Unlimited Funds, Remarked on Last Week’s UK Labor Market OverView Report:
“The boe is hamstrung by a uk Labor Market that is tight is tight eso to keep wages and service inflation elevated, But Too Weak to Drive An Acceptable Pace of Anall Growth. But Wage Growth That’s Far Too High For Cuts Ahead. ”
A TIGHT LABOR Market, Wage Growth, and Services Inflation May Continue Temperting Bets On An H1 2025 Boe Rate Cut.
GBP/USD VALATY POST-INFLATION DATA Ahead of the UK Inflation Report, The GBP/USD Briefly ClimBed to a High of $ 1.29485 Before Droping to A Low of $ 1.29262.
However, The Reaction After the Release Was Mixed, With Price Action Lcking Clear Direction as Traders Assessed the Inflation Figures. After the inflation report, the GBP/USD Fell from $ 1.29401 to a Low of $ 1.29170 Before Steadying.
On Wednesday, March 26, The GBP/USD Was Down 0.15% to $ 1.29232.