Pound Sterling Rallies on Unexpectedly Strong Labor Market Data

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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 […]