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Upbeat UK earnings inflate sterling but bulls continue to struggle at daily cloud base - Windsor Blog
Cable regained traction and bounced from session low at 1.2306, hit on pre-UK jobs data 70-pips drop, as overall positive data inflated pound. Earnings rose 4% in July vs 3.7% f/c, showing the biggest pay rise since 2008, while unemployment fell in July to the lowest since mid-1970’s (3.8%). Slowdown in hiring in the UK …