Get today's long and short trade ideas for the GBPUSD pair here: forexsignals forextrading TradingSignals
. According to the Bureau of Labor Statistics, the economy’s job market was still strong although signs of easing were emerging. The economy added over 263k jobs in September while the unemployment rate dropped to 3.5%.
Still, analysts expect that the Federal Reserve will continue hiking interest rates in the coming months. Several Fed speakers like Mary Daly, Charles Evans, and Raphael Bostic said that the bank will continue hiking rates until signs of inflation slowdown continued. The GBP/USD price will next react to the upcoming data dump from the UK. On Tuesday, the Office of National Statistics will publish the latest jobs numbers.
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