GBP/USD – A Bank of England pause may not be as far away as thought

<p><a href="https://api.addthis.com/oexchange/0.8/forward/facebook/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Fgbp%2Fgbp-usd-a-bank-of-england-pause-may-not-be-as-far-away-as-thought%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/facebook.png" border="0" alt="Facebook" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/twitter/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Fgbp%2Fgbp-usd-a-bank-of-england-pause-may-not-be-as-far-away-as-thought%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/twitter.png" border="0" alt="Twitter" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/email/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Fgbp%2Fgbp-usd-a-bank-of-england-pause-may-not-be-as-far-away-as-thought%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/email.png" border="0" alt="Email" /></a></p><ul>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"A big couple of weeks are in store for the Bank of England and figures today may support the case for a more balanced debate on 21st September, as policymakers hinted this week."}]}" data-slate-node="element"><strong>BoE hints at balanced debate at the next meeting</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"A big couple of weeks are in store for the Bank of England and figures today may support the case for a more balanced debate on 21st September, as policymakers hinted this week."}]}" data-slate-node="element"><strong>Employment survey points to further weakness</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"A big couple of weeks are in store for the Bank of England and figures today may support the case for a more balanced debate on 21st September, as policymakers hinted this week."}]}" data-slate-node="element"><strong>GBPUSD nearing major support zone</strong></li>
</ul>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"A big couple of weeks are in store for the Bank of England and figures today may support the case for a more balanced debate on 21st September, as policymakers hinted this week."}]}" data-slate-node="element"><span data-slate-node="text">A big couple of weeks are in store for the Bank of England and figures today may support the case for a more balanced debate on 21st September, as policymakers hinted this week.</span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Inflation is by no means under control but it is falling fast and, if the BoE is to be believed, it is expected to fall markedly over the remainder of the year. If the MPC is going to be confident of inflation returning sustainably to 2%, the labour market will likely be key to it so there'll likely be a much greater focus on it going forward."}]}" data-slate-node="element"><span data-slate-node="text">Inflation is by no means under control but it is falling fast and, if the BoE is to be believed, it is expected to fall markedly over the remainder of the year. If the MPC is going to be confident of inflation returning sustainably to 2%, the labor market will likely be key to it so there’ll likely be a much greater focus on it going forward.</span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"We're already seeing some progress on this front but much more is likely needed. Today's survey from KPMG and REC suggests more weakness is on the horizon. Permanent placements, availability and salaries are all promising from a BoE perspective and may contribute to some lively debate in a couple of weeks."}]}" data-slate-node="element"><span data-slate-node="text">We’re already seeing some progress on this front but much more is likely needed. Today’s survey from KPMG and REC suggests more weakness is on the horizon. Permanent placements, availability, and salaries are all promising from a BoE perspective and may contribute to some lively debate in a couple of weeks.</span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">Of course, surveys alone won’t be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on the 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften.</span></p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="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"><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/-jbcH72HJ8o?si=efSWNk-wM1zXb4_i" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="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"><strong>GBPUSD continues to slide toward key SMA band</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="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">The pound has continued to fall this week, aided by the comments from the BoE and perhaps today’s survey.</p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="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"><strong>GBPUSD Daily</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/09/GBPUSD_2023-09-08_16-57-08.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-807456" src="https://www.marketpulse.com/wp-content/uploads/2023/09/GBPUSD_2023-09-08_16-57-08-1024×436.png" alt="" width="620" height="264" srcset="https://www.marketpulse.com/wp-content/uploads/2023/09/GBPUSD_2023-09-08_16-57-08-1024×436.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/09/GBPUSD_2023-09-08_16-57-08-300×128.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/09/GBPUSD_2023-09-08_16-57-08-768×327.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/09/GBPUSD_2023-09-08_16-57-08-1536×654.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/09/GBPUSD_2023-09-08_16-57-08.png 1793w" sizes="(max-width: 620px) 100vw, 620px" /></a></p>
<p style="text-align: right" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkElMjBiaWclMjBjb3VwbGUlMjBvZiUyMHdlZWtzJTIwYXJlJTIwaW4lMjBzdG9yZSUyMGZvciUyMHRoZSUyMEJhbmslMjBvZiUyMEVuZ2xhbmQlMjBhbmQlMjBmaWd1cmVzJTIwdG9kYXklMjBtYXklMjBzdXBwb3J0JTIwdGhlJTIwY2FzZSUyMGZvciUyMGElMjAlMjBtb3JlJTIwYmFsYW5jZWQlMjBkZWJhdGUlMjBvbiUyMDIxc3QlMjBTZXB0ZW1iZXIlMkMlMjBhcyUyMHBvbGljeW1ha2VycyUyMGhpbnRlZCUyMHRoaXMlMjB3ZWVrLiUyMiU3RCU1RCU3RCUyQyU3QiUyMnR5cGUlMjIlM0ElMjJwYXJhZ3JhcGglMjIlMkMlMjJjaGlsZHJlbiUyMiUzQSU1QiU3QiUyMnRleHQlMjIlM0ElMjJJbmZsYXRpb24lMjBpcyUyMGJ5JTIwbm8lMjBtZWFucyUyMHVuZGVyJTIwY29udHJvbCUyMGJ1dCUyMGl0JTIwaXMlMjBmYWxsaW5nJTIwZmFzdCUyMGFuZCUyQyUyMGlmJTIwdGhlJTIwQm9FJTIwaXMlMjB0byUyMGJlJTIwYmVsaWV2ZWQlMkMlMjBpdCUyMGlzJTIwZXhwZWN0ZWQlMjB0byUyMGZhbGwlMjBtYXJrZWRseSUyMG92ZXIlMjB0aGUlMjByZW1haW5kZXIlMjBvZiUyMHRoZSUyMHllYXIuJTIwSWYlMjB0aGUlMjBNUEMlMjBpcyUyMGdvaW5nJTIwdG8lMjBiZSUyMGNvbmZpZGVudCUyMG9mJTIwaW5mbGF0aW9uJTIwcmV0dXJuaW5nJTIwc3VzdGFpbmFibHklMjB0byUyMDIlMjUlMkMlMjB0aGUlMjBsYWJvdXIlMjBtYXJrZXQlMjB3aWxsJTIwbGlrZWx5JTIwYmUlMjBrZXklMjB0byUyMGl0JTIwc28lMjB0aGVyZSdsbCUyMGxpa2VseSUyMGJlJTIwYSUyMG11Y2glMjBncmVhdGVyJTIwZm9jdXMlMjBvbiUyMGl0JTIwZ29pbmclMjBmb3J3YXJkLiUyMiU3RCU1RCU3RCUyQyU3QiUyMnR5cGUlMjIlM0ElMjJwYXJhZ3JhcGglMjIlMkMlMjJjaGlsZHJlbiUyMiUzQSU1QiU3QiUyMnRleHQlMjIlM0ElMjJXZSdyZSUyMGFscmVhZHklMjBzZWVpbmclMjBzb21lJTIwcHJvZ3Jlc3MlMjBvbiUyMHRoaXMlMjBmcm9udCUyMGJ1dCUyMG11Y2glMjBtb3JlJTIwaXMlMjBsaWtlbHklMjBuZWVkZWQuJTIwVG9kYXkncyUyMHN1cnZleSUyMGZyb20lMjBLUE1HJTIwYW5kJTIwUkVDJTIwc3VnZ2VzdHMlMjBtb3JlJTIwd2Vha25lc3MlMjBpcyUyMG9uJTIwdGhlJTIwaG9yaXpvbi4lMjBQZXJtYW5lbnQlMjBwbGFjZW1lbnRzJTJDJTIwYXZhaWxhYmlsaXR5JTIwYW5kJTIwc2FsYXJpZXMlMjBhcmUlMjBhbGwlMjBwcm9taXNpbmclMjBmcm9tJTIwYSUyMEJvRSUyMHBlcnNwZWN0aXZlJTIwYW5kJTIwbWF5JTIwY29udHJpYnV0ZSUyMHRvJTIwc29tZSUyMGxpdmVseSUyMGRlYmF0ZSUyMGluJTIwYSUyMGNvdXBsZSUyMG9mJTIwd2Vla3MuJTIyJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMk9mJTIwY291cnNlJTJDJTIwc3VydmV5J3MlMjBhbG9uZSUyMHdvbid0JTIwYmUlMjBlbm91Z2glMjB0byUyMGNvbnZpbmNlJTIwdGhlbS4lMjBUaGUlMjBVSyUyMGpvYnMlMjByZXBvcnQlMjBuZXh0JTIwd2VlayUyMGNvdWxkJTIwb2ZmZXIlMjBhbm90aGVyJTIwaGVscGluZyUyMGhhbmQlMjBhbmQlMjBwdXQlMjB0aGUlMjBkZWNpc2lvbiUyMG9uJTIwMjFzdCUyMG11Y2glMjBtb3JlJTIwaW4lMjB0aGUlMjBiYWxhbmNlLiUyME1hcmtldHMlMjBhcmUlMjBjdXJyZW50bHklMjBjb252aW5jZWQlMjB0aGF0JTIwYW5vdGhlciUyMGhpa2UlMjBpcyUyMGNvbWluZyUyMGJ1dCUyMHRoYXQlMjBtYXklMjBjaGFuZ2UlMjBpZiUyMHVuZW1wbG95bWVudCUyMHRpY2tzJTIwaGlnaGVyJTIwYWdhaW4lMjBhbmQlMjB3YWdlcyUyMHNvZnRlbi4lMjIlN0QlNUQlN0QlNUQ=">Source – OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkElMjBiaWclMjBjb3VwbGUlMjBvZiUyMHdlZWtzJTIwYXJlJTIwaW4lMjBzdG9yZSUyMGZvciUyMHRoZSUyMEJhbmslMjBvZiUyMEVuZ2xhbmQlMjBhbmQlMjBmaWd1cmVzJTIwdG9kYXklMjBtYXklMjBzdXBwb3J0JTIwdGhlJTIwY2FzZSUyMGZvciUyMGElMjAlMjBtb3JlJTIwYmFsYW5jZWQlMjBkZWJhdGUlMjBvbiUyMDIxc3QlMjBTZXB0ZW1iZXIlMkMlMjBhcyUyMHBvbGljeW1ha2VycyUyMGhpbnRlZCUyMHRoaXMlMjB3ZWVrLiUyMiU3RCU1RCU3RCUyQyU3QiUyMnR5cGUlMjIlM0ElMjJwYXJhZ3JhcGglMjIlMkMlMjJjaGlsZHJlbiUyMiUzQSU1QiU3QiUyMnRleHQlMjIlM0ElMjJJbmZsYXRpb24lMjBpcyUyMGJ5JTIwbm8lMjBtZWFucyUyMHVuZGVyJTIwY29udHJvbCUyMGJ1dCUyMGl0JTIwaXMlMjBmYWxsaW5nJTIwZmFzdCUyMGFuZCUyQyUyMGlmJTIwdGhlJTIwQm9FJTIwaXMlMjB0byUyMGJlJTIwYmVsaWV2ZWQlMkMlMjBpdCUyMGlzJTIwZXhwZWN0ZWQlMjB0byUyMGZhbGwlMjBtYXJrZWRseSUyMG92ZXIlMjB0aGUlMjByZW1haW5kZXIlMjBvZiUyMHRoZSUyMHllYXIuJTIwSWYlMjB0aGUlMjBNUEMlMjBpcyUyMGdvaW5nJTIwdG8lMjBiZSUyMGNvbmZpZGVudCUyMG9mJTIwaW5mbGF0aW9uJTIwcmV0dXJuaW5nJTIwc3VzdGFpbmFibHklMjB0byUyMDIlMjUlMkMlMjB0aGUlMjBsYWJvdXIlMjBtYXJrZXQlMjB3aWxsJTIwbGlrZWx5JTIwYmUlMjBrZXklMjB0byUyMGl0JTIwc28lMjB0aGVyZSdsbCUyMGxpa2VseSUyMGJlJTIwYSUyMG11Y2glMjBncmVhdGVyJTIwZm9jdXMlMjBvbiUyMGl0JTIwZ29pbmclMjBmb3J3YXJkLiUyMiU3RCU1RCU3RCUyQyU3QiUyMnR5cGUlMjIlM0ElMjJwYXJhZ3JhcGglMjIlMkMlMjJjaGlsZHJlbiUyMiUzQSU1QiU3QiUyMnRleHQlMjIlM0ElMjJXZSdyZSUyMGFscmVhZHklMjBzZWVpbmclMjBzb21lJTIwcHJvZ3Jlc3MlMjBvbiUyMHRoaXMlMjBmcm9udCUyMGJ1dCUyMG11Y2glMjBtb3JlJTIwaXMlMjBsaWtlbHklMjBuZWVkZWQuJTIwVG9kYXkncyUyMHN1cnZleSUyMGZyb20lMjBLUE1HJTIwYW5kJTIwUkVDJTIwc3VnZ2VzdHMlMjBtb3JlJTIwd2Vha25lc3MlMjBpcyUyMG9uJTIwdGhlJTIwaG9yaXpvbi4lMjBQZXJtYW5lbnQlMjBwbGFjZW1lbnRzJTJDJTIwYXZhaWxhYmlsaXR5JTIwYW5kJTIwc2FsYXJpZXMlMjBhcmUlMjBhbGwlMjBwcm9taXNpbmclMjBmcm9tJTIwYSUyMEJvRSUyMHBlcnNwZWN0aXZlJTIwYW5kJTIwbWF5JTIwY29udHJpYnV0ZSUyMHRvJTIwc29tZSUyMGxpdmVseSUyMGRlYmF0ZSUyMGluJTIwYSUyMGNvdXBsZSUyMG9mJTIwd2Vla3MuJTIyJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMk9mJTIwY291cnNlJTJDJTIwc3VydmV5J3MlMjBhbG9uZSUyMHdvbid0JTIwYmUlMjBlbm91Z2glMjB0byUyMGNvbnZpbmNlJTIwdGhlbS4lMjBUaGUlMjBVSyUyMGpvYnMlMjByZXBvcnQlMjBuZXh0JTIwd2VlayUyMGNvdWxkJTIwb2ZmZXIlMjBhbm90aGVyJTIwaGVscGluZyUyMGhhbmQlMjBhbmQlMjBwdXQlMjB0aGUlMjBkZWNpc2lvbiUyMG9uJTIwMjFzdCUyMG11Y2glMjBtb3JlJTIwaW4lMjB0aGUlMjBiYWxhbmNlLiUyME1hcmtldHMlMjBhcmUlMjBjdXJyZW50bHklMjBjb252aW5jZWQlMjB0aGF0JTIwYW5vdGhlciUyMGhpa2UlMjBpcyUyMGNvbWluZyUyMGJ1dCUyMHRoYXQlMjBtYXklMjBjaGFuZ2UlMjBpZiUyMHVuZW1wbG95bWVudCUyMHRpY2tzJTIwaGlnaGVyJTIwYWdhaW4lMjBhbmQlMjB3YWdlcyUyMHNvZnRlbi4lMjIlN0QlNUQlN0QlNUQ=">After breaking below the August lows earlier this week, shortly after running into resistance from the 55/89-day simple moving average band, the pair is continuing to edge closer to the 200/233-day SMA band.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Of course, survey's alone won't be enough to convince them. The UK jobs report next week could offer another helping hand and put the decision on 21st much more in the balance. Markets are currently convinced that another hike is coming but that may change if unemployment ticks higher again and wages soften."}]}" data-slate-node="element" data-slate-fragment="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">This falls around 1.23-1.24 and also coincides with the lows from the second quarter of this year. A break below here could be a very bearish development, especially if aided by a weaker UK jobs report or stronger US inflation release.</p>