Sterling strengthens on easing concerns over PM Starmer's position.Sterling strengthened against the dollar and the euro on Wednesday on investor relief that British Prime Minister Keir Starmer's position looked more secure than it did earlier in the week.
Indian rupee pinched by foreign banks' dollar bids; softer dollar cushions.The Indian rupee weakened against the dollar, closing down 0.1% at 90.70 due to increased dollar bids from foreign banks. Despite a quiet trading session and mixed corporate interest, overseas demand for dollars pressured the currency.
What to watch out for in the US labour market report later?.As per usual, the three main components will be the headline non-farm payrolls number, the unemployment rate, and average hourly earnings. And typically, we will also get the two-month revision to the payrolls figure.