The pound rose on Tuesday after data showed Britain’s unemployment rate unexpectedly fell in June, although wage growth slowed.
Figures showed the UK jobless rate dropped to 4.2% in June, down from 4.4% in May – defying expectations for a small rise.
Sterling was last up 0.22% at $1.2794, from $1.2779 before the data, as investors focused on the strength of the labour market and its potential impact on Bank of England policy.
Source: REUTER
