Economic news

Review: Pound drops ahead of UK jobs data

The pound inched lower ahead of labour market data due on Wednesday that will show the Bank the England readiness for interest rates hike.

Sterling traded at $1.3175, its lowest level since October 9. It was at 89.24 pence versus the euro.

The British currency sank to a five-day trough on Tuesday after comments by Bank of England policymakers were assessed by investors as dovish.


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