GBPJPY Fundamental Analysis UKThe BoE kept interest rates unchanged at the last meeting. The central bank is leaning towards keeping interest rates “higher for longer”, although it kept a door open for further tightening if inflationary pressures were to be more persistent. The latest employment report showed a slowdown in wage growth and some job losses in September which could point to a softening labour market. The recent UK CPI slightly beat expectations but given the softening in the labour market it’s unlikely to change the BoE’s stance. The UK PMIs showed further contraction in the services sector, which accounts for 80% of UK’s economic activity.The market doesn’t expect the BoE to
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