After rising yesterday morning due to inflation data, the pound has lost some ground this morning following disappointing labour market statistics.
Figures show that 25,000 jobs were created in the three months to June, missing market forecasts of a 90,000 increase. As well as this, the unemployment rate came in at 4.8%, slightly higher than expectations of 4.7%.
However, these were offset by better-than-expected wage statistics, which show that average earnings increased by 7.3%.
The rest of this week is light for UK data, but next week we’ll see retail sales figures.
