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Pound Sterling Falls Against Euro and Dollar on Signs UK Jobs Market Cooling

March 12, 2024 – Written by James Fuller

Important data came early in Tuesday’s session as the UK Jobs Report was released ahead of the LSE open. This contributed to a large gap higher in the FTSE which opened around 0.85% higher near the 2024 peak of 7748 while the Pound dropped moderately, allowing EUGBP to make further small gains towards 0.855.

UK Jobs Report

Hot on the heels of a mixed US Jobs report, the UK releases showed some similar…
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