17 November 2021, GBP/USD
GBPUSD trading plan:
Britain's job market withstood the end of the government's furlough scheme last month. Official data published by the ONS showed the unemployment rate fell by more than expected to 4.3% for the three months to September from 4.5% before, it’s lowest since the three months to July 2020. The number of staff on businesses' payrolls in October rose to 0.8% above levels in February 2020, before the coronavirus pandemic hit, and increased by 160,000 on the month. BoE Governor Andrew Bailey has said jobs data will be critical for the central bank's thinking about whether to raise the Bank Rate for the first time since the pandemic struck.
Investment idea: buy 1.3439 and take profit 1.3491.
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