The British Pound recovered significantly

The British Pound recovered significantly

Feb 18 2015

The Pound Sterling rebounded against its major peers on Wednesday trading session, after the release of important U.K economic data which indicated the U.K Average weekly earnings, including bonuses rose higher than expectations to 2.4 % in December. While the U.K unemployment rate fell to 5.7 %, which is the lowest level in more than six years.

The investors are waiting for the US Federal Reserve’s January FOMC meeting minutes due today later at 19:00 GMT. Which is expected to provide more signals about the recovery of the U.S economic growth.

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