This Week's Market Strategy - August 13, 2025 (Wed)
The UK has had a series of major events spanning last week and this week.
Yesterday's UK employment statistics showed the unemployment rate, which had been deteriorating for three consecutive months, stabilize, which somewhat eased concerns about labor market deterioration and weakened GBP selling pressure.
Additionally, the slowdown in wage growth momentum was interpreted as a sign of weakening inflation pressure, making it easier for the Bank of England to consider rate cuts. This is a GBP selling factor.
Despite the somewhat inconsistent signals, GBP/USD is in an uptrend.
As long as it is supported at 1.1345, it would be reasonable to trade from the buy side.
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