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Earnings growth in the UK supports the pound
Earnings growth in the UK supports the pound

Earnings growth in the UK supports the pound

UK employment data buoyed the pound as unemployment remained unchanged at 3.7%, which met forecasts. At the same time, average wages rose by 6.4%, higher than expected. This allowed the GBP/USD pair to rise to last week's high. As the dollar weakens, the pair could continue its upward trajectory.

GBP/USD

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