Pound Drops as UK Vacancies Fall to Their Lowest Since 2021

GBP/USD is falling as UK vacancies drop to their lowest level since 2021, payrolls shrink again, and the U.S. dollar draws safe-haven demand. Fiona Cincotta, StoneX Senior Market Analyst, walks through the UK labor market data, the split inside average earnings, and the events lined up next for sterling. UK unemployment held unchanged in the three months to June, slightly above expectations, while vacancies fell to their lowest level since 2021 and employers cut company payrolls again in July. Private sector wage growth slowed to a six year low as public sector pay growth stayed far stronger, leaving the Bank of England rate path without a clean signal ahead of UK inflation and the Federal Open Market Committee minutes. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share 00:00 - Pound Slips as Hiring Cools 00:29 - UK Vacancies Hit 2021 Lows 01:18 - Private Pay Growth Stalls Out 01:56 - Bank of England Boxed In Now 02:33 - Dollar Finds Safe Haven Bid 03:15 - Sterling's Trend Holds Firm Like and subscribe for more financial market insights. #GBPUSD #Forex #StoneX #FionaCincotta