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via fxstreet.comEconomy

Euro declines against British Pound as UK jobless rate falls sharply

FROM THE WIRE · FXSTREET.COM

The Euro (EUR) slides 0.2% to near 0.8407 against the British Pound (GBP), following the release of the United Kingdom (UK) labor market data for three months ending August. The labor market data has shown a significant improvement in job hiring and a decline in the jobless rate.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralStronger UK labor data can shift expectations on the Bank of England and move the EUR/GBP exchange rate.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Euro slides 0.2% to near 0.8407 against the British Pound.
  2. 02The data refers to the three months ending in August.
  3. 03The labor market shows a significant improvement in hiring and a decline in the jobless rate.

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