Pound Sterling Rallies on Unexpectedly Strong Labor Market Data
The Pound Sterling surged on Tuesday, surpassing the 1.2800 level, driven by unexpectedly strong UK labor market data. The unemployment rate fell to 4.2%, defying expectations of an increase, while average earnings grew faster than anticipated. These figures have dampened expectations of imminent interest rate cuts by the Bank of England. BoE policymaker Catherine […]