The Sterling Pound declined around 0.4 percent yesterday on the back of weak market sentiments in later part of the trade.
However, weakness in the DX along with optimistic employment data from the country cushioned sharp downside in the Sterling Pound. The currency touched an intra-day low of 1.6751 and closed at 1.6766 on Wednesday.
UK’s Claimant Count Change dropped by 25,100 in April as against a decline by 30,600 in March. Unemployment Rate fell to 6.8 percent in March from 6.9 percent in February. Average Earnings Index remained unchanged at 1.7 percent in March.
In today’s trade, the Sterling Pound is likely to trade on a negative note on the back of strength in the DX. Further, weak market sentiments will exert downside pressure in the currency.
www.punjiniveshonline.com
However, weakness in the DX along with optimistic employment data from the country cushioned sharp downside in the Sterling Pound. The currency touched an intra-day low of 1.6751 and closed at 1.6766 on Wednesday.
UK’s Claimant Count Change dropped by 25,100 in April as against a decline by 30,600 in March. Unemployment Rate fell to 6.8 percent in March from 6.9 percent in February. Average Earnings Index remained unchanged at 1.7 percent in March.
In today’s trade, the Sterling Pound is likely to trade on a negative note on the back of strength in the DX. Further, weak market sentiments will exert downside pressure in the currency.
www.punjiniveshonline.com
No comments:
Post a Comment