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The pound gains ground on labour market
The pound gains ground on labour market

The pound gains ground on labour market

The UK's labour market data beat analysts' forecasts.

The UK's labour market data beat analysts' forecasts. There were 65,000 new jobs added, and the unemployment rate remained at 3.7%, despite a projected rise to 3.8%. The strong report was good news for the pound. The Cable gained a foothold above the 50-day moving average and will likely continue to rise.

GBP/USD

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