GBP remains stable after labor market data

Source: WBP Online

On Wednesday, the Office for National Statistics published the labor data in the UK for February, reporting that amount of claiming job-seekers declined by 18, 000, which is better than forecasted -8, 800. Average Earnings Index soared to 2.1%, while unemployment rate remained unchanged at 5.1%. Sterling did not show notable reaction and held at £0.785 against the Euro.

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