Unexpected UK wage growth buoys pound
The pound found fresh support on the back of July’s UK labour market report, which showed a better-than-expected increase in average weekly earnings.
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The pound found fresh support on the back of July’s UK labour market report, which showed a better-than-expected increase in average weekly earnings.
An unexpectedly strong UK gross domestic product report helped push the pound to fresh multi-week highs yesterday.
Comments from Bank of England (BoE) Governor Mark Carney helped to boost the pound yesterday.
After the Conservative government dramatically lost its working majority in parliament the pound was able to recover most of yesterday’s losses.
The pound tumbled on Monday as markets braced themselves for a pivotal week in UK politics. Sterling also suffered as the latest Markit PMI report rev
An unexpectedly strong increase in UK mortgage approvals helped fuel the pound’s recovery ahead of the weekend.
A sense of political anxiety continued weighing on the pound even as Labour leader Jeremy Corbyn pledged to ‘politically stop’ Boris Johnson’s plan to