Pound Volatility Intensifies Ahead of BoE Decision

The UK pound (GBP) experienced choppy trading as markets assessed the country's latest employment data. Unemployment remained unchanged, contrary to economists' expectations of an increase.

The report highlighted signs of weakness beneath the surface of the British labour market.

A modest uptick in UK inflation in August has done little to support GBP, with the Bank of England (BoE) unlikely to raise interest rates tomorrow.