Day: April 16, 2024

Pound Finds Support Near 1.2400, Weak UK Jobs Data Fuels Downside

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The Pound Sterling (GBP) remains under pressure late Tuesday following weak UK labor market data. The GBP/USD pair remains vulnerable, with the UK Office for National Statistics (ONS) reporting a significant cooling in labor market conditions for the three months ending in February. The Unemployment Rate rose to 4.2% with widespread layoffs. Impact on BoE […]

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