June 13, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound Euro Exchange Rate News: GBP/EUR Fluctuated amid Stronger-than-Expected UK Wage Growth
Pound (GBP) Boosted by Persistently Tight Labour Market
The Pound (GBP) found modest success against most of its rivals on Tuesday in the wake of strong labour market data. Against expectations of an uptick in unemployment, and modest wage growth, the data surprised to the upside and pointed to a hotter-than-expected labour market.
With predictions of a 6.9% climb in the three months leading up to April, wage growth surged by 7.2%. Pointing to the fastest growth on record, outside pandemic levels, potentially…
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