Forex News

Live Forex news from all over the world.


Britain’s Pound Unable Maintain Tuesday’s Rally

January 18, 2017 at 14:58 by Vladimir Vyun

Focus on digits on UK pound notesThe Great Britain pound was unable to maintain the Tuesday’s rally today despite better-than-expected employment data released from the United Kingdom on Wednesday.

Average weekly earnings rose 2.8% through September to November from the same period a year ago. The number of unemployment claims fell by 1,100 in December from November. Yet the positive report did not help the sterling, which apparently spent all its upward momentum during yesterday’s rally.

GBP/USD fell from 1.2413 to 1.2312 as of 14:47 GMT today, reaching the low of 1.2266 intraday. EUR/GBP rallied from 0.8628 to 0.8674, and its daily high was at 0.8706.

If you have any questions, comments, or opinions regarding the Great Britain Pound, feel free to post them using the commentary form below.

Leave a Reply