Data released early this morning shows that the UK’s jobs market is improving, with job vacancies hitting a record high at 953,000 in May to July – 168,000 more than before the pandemic. The pound is still fairly well supported against the euro and dollar following this data.
The number of people in employment also rose in July but remains below pre-pandemic levels. The Minister for Employment, Mims Davies, said that “there are positive signs of recovery in today’s jobs figures” but also added that “there is still work to do”.
The dollar is stronger this morning, benefitting from its status as a ‘safe-haven’ currency. This is due to worries over rising COVID-19 cases in the US and concerns about the escalating situation in Afghanistan.
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