UK labour market data in focus in the session ahead ...Middle East

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UK labour market data in focus in the session ahead
After the US jobs report last week, the big picture focus in markets is now on major central bank decisions. In particular, the Fed next week will be the most anticipated one. The odds for a 50 bps rate cut are now at ~29% and down from roughly a coin flip at one point last week. The Fed blackout period has begun, so it would be safe to assume that policymakers are comfortable with a 25 bps move at this stage.The dollar is keeping steadier as such, with some calm permeating back through markets. The overblown fears surrounding the US labour market are ebbing, so that is perhaps helping. That alongside the Fed's own calm demeanour I would say.That will make for a bit of a pensive week as we a

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