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Pound to Euro Rate Ticks Up following UK Jobs and German CPI Data

September 11, 2024 – Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate edged higher on Tuesday following the publication of the UK’s latest employment data alongside Germany’s finalised inflation reading.

The Pound (GBP) drifted higher against most major currencies on Tuesday following the release of the UK’s latest labor market data.

The unemployment rate dropped to 4.1% in July, down from 4.2%, while average earnings (excluding bonuses)…
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