10 Juni 2022, GBP/USD
GBPUSD trading plan:
British employers added staff in May at the slowest pace since early 2021, according to a survey that adds to signs that the labour market is losing some of its heat. A measure of permanent staff hiring by accountants KPMG and the Recruitment and Employment Confederation fell for a sixth month to 59.2 from 59.8 in April. The Bank of England has expressed concern that the surge in demand for staff could create longer-term inflation pressure after prices recently leapt on the reopening of the global economy. "The market for temporary work is stabilising faster than for permanent staff, which could suggest a little caution creeping into employers' thinking in the face of high inflation," Neil Carberry, REC chief executive said. The loss of about half a million people from the jobs market from before the coronavirus pandemic represented a major strategic issue for Britain, he said.
Investment idea: range 1.2475 - 1.2570.