Pound Sterling looks to be determined to stay above its 2016 lows, but the resilience will be tested over coming days when inflation and employment data are released.
77% surge in Britons looking for work in the US following the referendum result, according to world’s largest job site, Indeed.
The UK economy is not in bad shape heading into its potential rift with the European Union.
Recent pound sterling gains look more sustainable in the wage of news wages and employment data have beaten analyst expectations in mid-week.
Pound sterling enjoyed a strong recovery through April but gains have since stalled, and under-par data releases have certainly played their part.
With the pound continuing to enjoy a decent run against the US dollar and euro all eyes now turn to today’s release of UK employment and earnings data.
The pound sterling has lost ground against the dollar thanks to Brexit fears and a heavy sell-off in the GBP-JPY cross.
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