Sterling draws support from upbeat U.K. labor data vs. dollar
Economies.com
2017-05-17 16:31PM UTC
Sterling tilted higher against the dollar for the third consecutive session, following earlier strong data from Britain, and amid a lack thereof from the world's largest economy.
As of 05:25 GMT, GBP/USD rose to 1.2950 from the opening of 1.2917, with an intraday high at 1.2991, and a low at 1.2906.
Earlier U.K. data showed average wages for the last three months growing 2.4% as expected, while jobless claims fell by 14.1 thousand to 19.4 thousand, as the unemployment rate fell to 4.6%, the lowest since October 2004.
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