The British pound is showing little movement on Monday. In the North American session, GBP/USD is trading at 1.2592, up 0.06% on the day. The markets are bracing for a sharp decline in employment in the three months to December, with a forecast of -130 thousand. This follows an increase of 36 thousand in the three months to November. Job growth has posted eight consecutive three-month periods of growth and the resilient labor market has eased pressure on the Bank of England to lower interest rates. The unemployment rate is projected to creep up to 4.5% from 4.4%, and wage growth (including bonuses) is expected to … (full story)
