Forex Market News

Sterling Pound Spot Traded Higher By 0.41 Percent

Sterling Pound spot traded higher by 0.41 percent (GBPUSD) and 0.52 percent (GBPINR) yesterday as markets discounted the robust release of economic datasets from the nation which boosted the market sentiments. Unemployment Rate fell to 4.6 percent from 4.7 percent which acted as a sign that despite Brexit companies were able to provide jobs to the general public.
Recent debacle with the UK PM’s attempt to gel with public has pushed the pound higher as markets believe that if May losses out on votes in the upcoming elections there might be some good news on the Brexit front. GBPINR spot is expected to trade higher today.
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