Pound firms on jobless dip and a not-so-gloomy BoE survey
Posted on July 20, 2016 at 1:06 pm GMTThe British pound received a boost from a surprise dip in Britain’s unemployment rate in May, while a not-so-gloomy post-Brexit survey from the Bank of England further supported the currency. Stronger-than-expected jobless data helped sterling climb back above 1.31 dollars in European trading after dropping as low as 1.3064 dollars earlier in the day. A downward revision by the IMF to the UK’s growth forecasts had been weighing on the pound since yesterday, but there was a double dose of [..]