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Daily outlook for GBP: Lloyds Bank

Quotes from Lloyds Bank: -Today focus will shift to the UK labour market data, with the minutes likely to be seen as obsolete following last week's QIR. With the unemployment rate and the wage data expected to be unchang…

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Quotes from Lloyds Bank:

-Today focus will shift to the UK labour market data, with the minutes likely to be seen as obsolete following last week's QIR. With the unemployment rate and the wage data expected to be unchanged it is unlikely to trigger much reaction in GBP/USD but with spot still outperforming compared to rate spreads we think GBP will be more sensitive to weaker data.

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