Updated

Updated · Fana News · Aug 18

British Pound Falls 0.22% to $1.35222 as It Slips 0.14% Against Euro

Updated

Updated · Fana News · Aug 18

British Pound Falls 0.22% to $1.35222 as It Slips 0.14% Against Euro

2 articles · Updated · Fana News · Aug 18

$1.35222 marked sterling's Tuesday level against the dollar, down 0.22%, while the pound also weakened 0.14% versus the euro to €1.16827.
British market data showed the decline extending earlier pressure on sterling after mixed UK employment figures, with June unemployment holding at 4.9% and employment rising 83,000.
The move also fits a broader risk-off backdrop that had supported the dollar earlier in the day, with Middle East tensions adding to demand for safer assets.

Sources

Fana News2d ago

British Pound Falls Against US Dollar, Euro on August 18

British Pound Dips to 1.3522 After Mixed UK Employment Data and Middle East Tensions

With UK labor softening and Middle East tensions rising, is the pound's sudden drop a temporary blip or a deeper economic warning?

Despite rising wages, real pay is barely growing. Are UK workers trapped in a hidden economic crisis while the Bank of England hesitates?

If public sector pay outpaces the private sector amid a cooling job market, how long can the UK economy sustain this fragile balancing act?

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2 total

Fana News2d ago

British Pound Falls Against US Dollar, Euro on August 18

British Pound Dips to 1.3522 After Mixed UK Employment Data and Middle East Tensions

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