Eyes Labor data
UK labor data for the month of July = Post Brexit period is scheduled for release today. This would give us a clear picture of whether Brexit impact is taking hold or economy remained resilient to scaremongering.
Wage growth numbers ‘for June’ are unlikely to get much attention from the markets.
Strong jobs growth figure could yield a rally to 1.31 levels. On the contrary, a weak figure would add to speculation of further BOE easing and thus send Cable lower to 1.29 handle.