December 18, 2024 – Written by Frank Davies
STORY LINK Pound to Euro Exchange Rate Retakes 1.21
The Pound Euro (GBP/EUR) exchange rate drifted higher on Tuesday following the release of the UK’s latest jobs data.
On Tuesday, the Pound (GBP) saw gains against most of its major counterparts following the release of the UK’s latest employment figures.
The unemployment rate for the three months to October matched market expectations, holding steady at 4.3%.
Notably, the average earnings index (excluding bonuses) surpassed forecasts, increasing from 4.9% to 5.2%,…
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