Jonathan Cook
on January 17th, 2024 GBP/USD lost over a cent on another bruising day for the pound, although it was little changed against the euro.
The pace of average UK wage growth slowed to 6.5% in November from 7.2% the month prior. The Bank of England are said to view this metric as a key component of their strategy to combat inflation, although policymakers believe wage growth should not exceed 3% to keep inflation in check.
GBP/USD: the past year
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