April 18, 2023 – Written by John Cameron
STORY LINK Pound Euro Exchange Rate News: GBP/EUR Wavered amid Faster UK Wage Growth
Pound (GBP) Supported by Strong Labour Market Data
The Pound (GBP) experienced modest success against many of its peers on Tuesday in the wake of stronger-than-expected jobs data. Despite unemployment edging higher than expected to 3.8%, faster wage growth and unexpected employment growth cheered investors.
An unprecedented number of people joined the workforce in March, as 169k were employed, against expectations of a 50k increase. The improvement highlighted the largest increase in employment since April 2022.
Further cheering…
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