Forex. Pound/Dollar (GBP/USD) forecast for today.
The currency pair turned around and did not break through the price support of the European session. If the pound/dollar breaks through the support of 1.3573, then the prospect of reaching the next level around 1.3434 will open.
The yield on 10-year UK bonds has slightly strengthened and is now at 1.2140%.
Meanwhile, UK unemployment in September-November 2021 was 4.1%, according to the National Statistical Office of the country. In June-August, the indicator was 4.5%. Nevertheless, unemployment in the UK remains 0.1 percentage points higher than it was before the outbreak of the pandemic.
The employment rate in the UK in September-November was 75.5%, which is 1.1 percentage points lower than before the pandemic from December 2019 to February 2020. But employment was 0.2 points higher than in the previous three months from June to August 2021.
Today, the pound will react to the publication of the consumer price index, the producer purchase price index and the speech of the head of the Bank of England Bailey. Against such a news background, the pound's trading activity will increase in tandem with other world currencies.