020 7898 0500Sterling continued from where it left off last week and touched some fresh highs against the dollar. It strengthened against the euro too in what was something of a surprise; the Syria air strikes seem to have done nothing to effect the pound, unlike the dollar which struggled against a basket of currencies.
Today we will see the unemployment rate for February. It is expected to remain at its current 42-year low of 4.3%. We will also see the average earnings (including and excluding bonuses) for February. Both are expected to have increased which would further ease the cost-of-living burden on UK households.
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