LONDON, Oct 17 - Sterling fell on Tuesday after data showed that growth in British workers' regular pay slowed from a previous record high and job vacancies also declined, with a softer labour market boosting the chance the Bank of England will hold rates unchanged.It was down 0.4% against the euro at 86.75 pence, just off an almost two-week low touched on Monday.
The publication of some labour market data, including the unemployment rate, was delayed until next week. "The pound has suffered sharp losses this morning, following the release of annual earnings data that saw wage growth outstrip inflation for the first time since October 2021," said Joshua Mahony, chief market analyst at Scope Markets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pickering Real Estate News and Housing Market UpdatesStoreys covers the latest on the housing and real estate markets in Toronto, Vancouver & across Canada. Get the latest real estate news.
Source: storeyspub - 🏆 16. / 74 Read more »
Vancouver Real Estate News - Latest Housing Market CoverageStoreys covers the latest on the housing and real estate markets in Toronto, Vancouver & across Canada. Get the latest real estate news.
Source: storeyspub - 🏆 16. / 74 Read more »
Dow futures rise amid Middle-East tensions: Stock market news todayEfforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks rise amid Middle East tensions: Stock market news todayEfforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks rally to kick off big earnings week: Stock market news todayEfforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US futures slip as earnings floodgates open: Stock market news todayAll eyes are on Goldman Sachs and Bank of America earnings for insight into the impact of high interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »