The UK job market has just collapsed and traders everywhere are wondering what the future holds for the pound. Will the Bank of England save the economy in December with a rate cut? With unemployment skyrocketing, wage growth slowing and a big budget decision looming, the GBP appears to be stuck in wait-and-see mode. Dive in as we break down what’s driving the currency, what new traders should look out for, and potential strategies to consider.
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