The pound fluctuated on Tuesday, as while the UK’s latest labour figures failed to impress markets, they were later relieved by the passing of the government’s latest Brexit bill.
Sterling appears to be on the defensive this morning, with GBP/EUR muted at €1.1365, GBP/USD edging down to $1.3349, while GBP/CAD and GBP/AUD holding steady at C$1.7403 and AU$1.7637 respectively. Only GBP/NZD is currently showing any real signs of movement as it tumbles to NZ$1.9039.
Looking to today the focus will be on the US dollar and the Federal Reserve as the bank looks set to implement its second rate hike of the year.
What’s been happening?
The pound struggled to advance once again on Tuesday as the currency found only limited support from some mixed employment figures.
The latest labour report revealed the UK workforce swelled by a further 146,000 workers in April, with the rise being welcomed by GBP investors as it drove domestic emplo
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