Sterling rises after UK economic data, US figures in focus.Sterling rose against the euro and the dollar on Tuesday after recent losses, as UK data left expectations for a Bank of England rate cut unchanged and traders shifted focus to U.S. figures due later in the session.
UK Data Mixed, Dollar Awaits Delayed NFP for Direction.Sterling is steady in early European trading after UK labor data reinforced a familiar theme of softening employment alongside stubborn wage pressures. Job losses continued, while pay growth remained elevated.
All Eyes on US Data.Stocks in Europe and the UK benefited from rotation flows yesterday, while tech-heavy US peers remained under pressure, with the Nasdaq 100 leading losses among the major indices. This morning, futures on both sides of the Atlantic are pointing lower.