{"id":175793,"date":"2023-10-17T17:03:37","date_gmt":"2023-10-17T11:33:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175793"},"modified":"2023-10-17T17:03:37","modified_gmt":"2023-10-17T11:33:37","slug":"loss-of-support-at-1-2125-will-edge-risks-towards-a-retest-of-1-20-area-scotiabank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/loss-of-support-at-1-2125-will-edge-risks-towards-a-retest-of-1-20-area-scotiabank-crypto-news\/","title":{"rendered":"Loss of support at 1.2125 will edge risks towards a retest of 1.20 area \u2013 Scotiabank – Crypto News"},"content":{"rendered":"

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GBP\/USD slips as wage data hint at moderation. Economists at Scotiabank analyze the pair\u2019s outlook<\/a>.<\/p>\n

UK wage data for August came in a bit softer than expected<\/h2>\n
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Average earnings eased to 8.1% YoY over the August quarter, down from 8.5% in July. Ex-bonus earnings eased to 7.8%, but from an upwardly-revised 7.9% in July. Markets view the break in the rising wage trend as tilting risks against another BoE hike before year-end but wage growth remains very strong overall and there is still some key data ahead (e.g. CPI on Wednesday) which may sway thinking again.<\/p>\n<\/blockquote>\n

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Loss of support at 1.2125 will edge risks towards a retest of 1.20 area in the next day or so, given soft\/bearish underlying momentum.<\/p>\n<\/blockquote>\n

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Resistance is 1.2215\/1.2225.<\/p>\n<\/blockquote>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: GBP\/USD slips as wage data hint at moderation. Economists at Scotiabank analyze the pair\u2019s outlook. UK wage data for August came in a bit softer than expected Average earnings eased to 8.1% YoY over the August quarter, down from 8.5% in July. Ex-bonus earnings eased to 7.8%, but from an upwardly-revised 7.9% in July. […]<\/p>\n","protected":false},"author":2,"featured_media":8137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,712,248,251,246,842,257,641,255,250,252,247,253,249,784,256,254],"class_list":["post-175793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-boe","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-unitedkingdom","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175793"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175793\/revisions"}],"predecessor-version":[{"id":175794,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175793\/revisions\/175794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8137"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}