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: 2025.11.11
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GBP: Dovish vibes from jobs market - ING
Breaking news
GBP: Dovish vibes from jobs market - ING
New
2025.11.11 18:05
2025.11.11 18:05
2025.11.11 18:05
This morning's UK jobs numbers came in on the soft side, ING's FX analyst Francesco Pesole notes.
EUR/GBP continues to face some upside risk
"Unemployment rose to 5.0% in the three months to September (exp. 4.9%) and October's employment contracted by -32k, following a revised -32k (first print was -10k) for September. Weekly earnings slowed across the board, with the headline (3M/YoY) measure undershooting expectations at 4.8%."
"These aren't screamingly dovish figures, but they do endorse to some extent the ongoing dovish repricing of Bank of England rate expectations. Remember that part of the BoE's hawkish pivot in the summer was based on downplaying risks to the labour market whilst refocusing on inflation issues. Now, both inflation and jobs data are starting to point down, and we think the Autumn Budget's tax hikes will provide the final argument for a cut in December."
"EUR/GBP continues to face some upside risks as markets aren't fully pricing in a December move (18bp this morning). However, the pair is already trading on the rich side as GBP embeds some risk premium ahead of the budget. Our year-end target remains 0.88."
Last updated
: 2025.11.11
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2025.11.11 19:25
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USD/CAD rises as US shutdown resolution boosts USD, firm CAD limits upside
USD/CAD advances toward 1.4030 on Tuesday at the time of writing, up 0.10% for the day. The move reflects growing optimism over an imminent resolution of the US government funding deadlock, while investors await fresh US employment data.
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2025.11.11 20:23USD/JPY revisits almost nine-month high near 154.50 as Japanese Yen underperforms
The USD/JPY revisits 154.40 during the European trading session on Tuesday, the highest level seen in almost nine months. The pair demonstrates strength as the Japanese Yen (JPY) faces selling pressure amid receding hopes of more interest rate hikes by the Bank of Japan (BoJ) in the near term.
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2025.11.11 20:17EUR/GBP holds above 0.8800, unfazed by weak German sentiment data
The Euro maintains a bid tone against the Pound, holding gains above 0.8800 for now.
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2025.11.11 20:17Diverging demand for Gold in China in the first three quarters - Commerzbank
The China Gold Association published data on China's Gold demand in the first three quarters yesterday, with some delay, Commerzbank's commodity analyst Carsten Fritsch notes.
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2025.11.11 20:16Gold price rises significantly at the beginning of the week - Commerzbank
The Gold price rose by up to 3.7% or $150 to $4,150 per troy ounce since yesterday's market opening, Commerzbank's commodity analyst Carsten Fritsch notes.
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2025.11.11 20:14China's low imports ease pressure on the LNG market - Commerzbank
European Gas prices remain close to this year's low at just over EUR 31 per MWh, which is around 25% lower than a year ago, Commerzbank's commodity analyst Barbara Lambrecht notes.
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2025.11.11 20:08China: Welcome relief in a long race - Standard Chartered
US-China trade truce is offering a welcomed relief. Markets expect a H2 slowdown and forecast 2025 growth at 4.9%; deflation pressure to linger, Standard Chartered's economists report.
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2025.11.11 19:34USD/CNH: Likely to trade in a range between 7.1170 and 7.1290 - UOB Group
US Dollar (USD) is likely to trade in a range between 7.1170 and 7.1290. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.11.11 19:28USD/JPY: Further advance is not expected to reach the major resistance at 155.00 - UOB Group
US Dollar (USD) could test 154.45 against Japanese Yen (JPY); any further advance is not expected to reach the major resistance at 155.00. In the longer run, USD is likely to trade in a range for now, likely between 153.10 and 155.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.11.11 19:26AUD/USD trims gains and nears 0.6500 on hesitant markets
The Australian Dollar is trading moderately lower against the US Dollar on Tuesday, retreating from Monday's highs at 0.6540, and reaching session lows at 0.6514 during the European morning session.
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2025.11.11 19:25Disclaimer:
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