The GBP/JPY remains broadly sideways in a narrow range around 182.00 in the European session. The cross failed to find direction despite the United Ki
GBP/JPY consolidates around 182.00 despite a sharp decline in the UK’s Retail Sales data. UK’s consumer spending contracted as elevated price pressures squeezed households’ real income. BoJ Ueda emphasized achieving a sustainable 2% inflation target by wage growth. ngdom Office for National Statistics reporting a weak Retail Sales report for September. The ONS reported that monthly Retail Sales contracted significantly by 0.9% while economists forecasted a nominal drop of 0.1%.
After Retail Sales data, investors shift focus to the employment data for August, which will be announced on Tuesday. As per the expectations, the laborforce saw a cut by 195K against a decline of 207K in July. The Unemployment Rate in the July-August period remained steady at 4.3%. Declining labor demand may dampen labor earnings outlook.
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