August 13, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound Sterling Rallies Against Euro Dollar by Surprise UK Unemployment Decline
The Pound posted significant gains after the latest UK labour-market data with the Pound to Dollar (GBP/USD) exchange rate hitting 1-week highs just above 1.2800.
US and UK inflation data over the next day will be crucial for US interest rate expectations, risk appetite and the Pound.
The UK unemployment rate declined to 4.2% in the three months to June from 4.4% previously…
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