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Pound and Euro Decline Ahead of Key Macroeconomic Data
The US labour market data released on Friday caused sharp fluctuations in major currency pairs. Following the release of average wage and employment data from the US:
- EUR/USD rose to 1.1140 before sharply dropping to 1.1070.
- GBP/
Analysis of GBP/USD Today: Bulls Face Challenges
UK labour market data was released today.
According to Dow Jones Newswires:
→ Employment growth exceeded expectations, and unemployment benefit claims came in lower than forecast. ING analysts believe this supports the view that the Bank of England will cut interest
Alphabet Inc. (GOOGL) Shares Drop to Almost Six-Month Low
Alphabet Inc. (GOOGL) shares closed below $150 yesterday, a level last seen in late March this year.
According to Barron’s, the stock is under pressure due to ongoing litigation with the US Department of Justice (DOJ), which:
→ claims Google