Wednesday, 19 October 2016

The pound's unemployment rally is over.

Well, that didn't last long.

The pound rallied on jobs numbers mid-morning Wednesday in London, but is back down against the dollar and euro at lunchtime.

The pound fell against the dollar and euro in Asian trade on Wednesday, before getting a major boost from UK unemployment figures that showed unemployment remains at near-record low of 4.7% despite Brexit.

But the rally didn't last long. Here's how the pound looks against the dollar at 1.00 p.m. BST (8.00 a.m. ET):



By Oscar Williams-Grut.
Full story at Yahoo News.

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