Pound Slips Lower Ahead of UK Jobs Data That Could Ease Rate Hike Fears
• Pound Sterling drops as investors await UK employment data that could show slowing wage growth and ease inflation fears.
• Softer wage growth could increase expectations of Bank of England rate cuts to boost growth.
• US market closure for holiday dampens risk appetite, keeps trading volumes low.
• UK labor market data has been resilient but signs emerging of softening amid economic weakness.
• Technical analysis shows Pound holding above 1.2700 support level but upside limited ahead of UK data.