Currency market outlook – GBP/USD

London, 13.08.2013 — Michael Qureshi.  Wednesday will see the release of the UK unemployment rate. BoE governor Carney indicated that long term low interest rates will be tied to an unemployment level above 7%.  Should the level be significantly above or below this threshold, expect some movement in the GBP/USD. Market expectation is around 7.8%

Views expressed in this article are my own