Strong Job Data Helps Steady Sterling Losses – 16 April, 2019

Rumors of stalled negotiations between Prime Minister Theresa May and the opposition Labour Party caused sterling to slip, though the news kept potential triggers at bay with strong job data. Earnings including bonuses rose 3.5 percent annually in three months, its highest rate since mid 2008. Against the euro, the pound dipped 0.25 percent to 86.49 pence, and fell slightly against the dollar to $1.3070. With politics remaining in the spotlight, encouraging data might be sidelined until after the Easter break.