The Pound Ignores Weak Data and Persistently Tries to Continue Rising

The Pound Ignores Weak Data and Persistently Tries to Continue Rising

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16.06.2025 07:36 PM

The macroeconomic data from the UK published last week looks frankly weak—everything is in the red zone, meaning worse than expected. Nevertheless, the pound continues to climb upward regardless.The labor market report came in noticeably worse than expected—the number of jobless claims surged sharply (+33.1K in May versus -21.2K in April), and the ratio of vacancies to the unemployment rate is rapidly declining, now worse than pre-COVID levels. Average wage growth fell short of forecasts, which typically leads to a

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