XE Market Analysis: Sterling Under Pressure as UK Jobless Rate Rises

OVERVIEW

  • GBP is trading at a disadvantage due to calls for gaining full regulatory autonomy after Brexit and the jobless rate rises.
  • The Canadian Dollar continues to weaken as oil prices drop and the US Dollar resurges.
  • The Euro is trading at a disadvantage against the US Dollar as the Purchasing Managers Indexes for both the service sector and manufacturing are disappointed.
  • The Australian Dollar continues to fall as wage inflation remains muted.

HIGHLIGHT