February 18, 2025 – Written by Ben Hughes
STORY LINK Pound Sterling Jumps against Euro and Dollar on “Stable” UK Jobs Market
The Pound rallied against the Euro and Dollar on Tuesday after stronger-than-expected UK wage growth triggered fresh doubts about whether the Bank of England would be able to cut interest rates more aggressively.
The Pound to Euro exchange rate (GBP/EUR) hit 6-week highs just above 1.2060. The next resistance area will be around 1.2100.
Markets will also continue to monitor geo-political…
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