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Pound US Dollar Exchange Rate Strikes Fresh Low following Downbeat UK Jobs Data

November 13, 2024 – Written by David Woodsmith

The Pound US Dollar (GBP/USD) exchange rate fell on Tuesday, striking a fresh three-month low, following the UK’s latest labour market report.

The Pound (GBP) declined on Tuesday following the UK’s latest labour market report, which revealed a sharper-than-expected increase in unemployment.

The UK unemployment rate rose from 4% to 4.3% in the third…
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