XE Market Analysis: Sterling Holds Steady on Positive Labour Market Data

OVERVIEW

  • GBP is climbing towards $1.30 today after UK labour market data showed earnings growth numbers which are the strongest they’ve been since 2008. 
  • Big week for central bank announcements this week with Fed minutes out tomorrow, Bank of Canada Governor Stephen Poloz to give a speech Thursday, RBA Governor Philip Lowe speaks in Australian Thursday, and ECB President Mario Draghi will step up to the podium Friday.