GBPTHB Eyes UK Jobs Data

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GBPTHB Eyes UK Jobs DataBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupYesterday Recap GBPTHB closed at 44.73. The Thai baht remained supported by stronger-than-expected Thailand Q2 GDP growth, while the GBP continued to move in line with the USD and expectations for BoE monetary policy. As a result, GBPTHB remained range-bound. Fundamental Analysis – 18 Aug 2026 GBPTHB is expected to trade in a range to volatile manner. Today, the market will focus on key UK labor market data, including Claimant Count Change, expected at 11.2K from 6.7K, Unemployment Rate, expected at 4.8% from 4.9%, and Average Earnings + Bonus, expected at 4.0% from 4.3%. These data will provide further insight into labor market conditions, wage pressures, and the outlook for BoE monetary policy. The UK labor market data are scheduled for release on 18 Aug. Stronger-than-expected labor market conditions, combined with wages slowing less than expected, could support the GBP. Conversely, a larger-than-expected increase in Claimant Count or a sharper slowdown in wage growth could put pressure on the GBP. Meanwhile, the direction of USDTHB remains an important factor for GBPTHB, as further baht appreciation could weigh on GBPTHB even if the GBP receives support from stronger UK data. Technical Analysis Bias: Sideway GBPTHB is expected to remain range-bound, with the price currently trading around 44.69–44.77. After declining from higher levels, the pair has started to form a base around support, suggesting that it remains in a short-term consolidation phase while waiting for a clearer direction. If the price can hold above 44.69, GBPTHB may rebound to test resistance at 44.77. A break above this level could open the way toward 44.82. Conversely, a clear break below 44.69 would be a bearish signal and could lead to further downside toward the next support around 44.67. Resistance: 44.77 / 44.82 Support: 44.69 / 44.67 Target: 44.67 (downside bias) Cut Loss: 44.78