Pound Sterling Falls on Weakening UK Labor Market and US Dollar Strength

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The British Pound (GBP) has dropped against major currencies following reports of a softening UK labor market for the three months ending in September. The Office for National Statistics (ONS) revealed that the UK unemployment rate rose to 4.3%, up from 4.0% previously, exceeding expectations of 4.1%. Although wages grew faster than forecast, with earnings […]