Prior 4.8%Employment change -22k vs 0k expectedPrior 91kAverage weekly earnings +4.8% vs +5.0% 3m/y expectedPrior +5.0%Average weekly earnings ex bonus +4.6% vs +4.6% 3m/y expectedPrior +4.7%October payrolls change -32kPrior -10; revised to -32kThat's a soft report all around with October payrolls falling while the jobless rate runs up more than anticipated to the highest since March 2021. Even the wages data was a little softer at the balance and all of this put together might just prompt the BOE into taking action sooner rather than later.The odds of a rate cut in December were around 61% before this but should go up later once the rates market opens. GBP/USD has dropped from 1.3155 to 1.3125 currently on the release here. This article was written by Justin Low at investinglive.com.