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1/24/2018, 11:01 AM (Source: TeleTrader)
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Pound rises following employment, wage data

The pound climbed to a new post-Brexit high on Wednesday following the release of employment and wage growth data from the United Kingdom. Sterling jumped 0.75% against the dollar to $1.41015 at 10:56 am CET, and 0.32% versus the euro to €1.1421 at 10:57 am CET.

Wages in the United Kingdom grew 2.4% in the three months to November, the fastest rate since December 2016, while in the same period the workforce increased by 102,000 people, keeping the unemployment rate steady at 4.3% and marking the biggest rise in employment since July.

Baha Breaking News (BBN) / JC