Sterling takes a tumble following poor employment data – Weakness across the board

The Pound has taken a tumble in trading this morning following poor employment data for the U.K – adding to what has been a pretty poor start to the week for Sterling.

The Pound has lost over 2% against the Euro and over two cents against the U.S Dollar, a grave shame following a reasonably positive few weeks unless of course you are looking to sell currency to bring back into Sterling.

Retail sales data is due out tomorrow morning which hopefully will not follow the same trend as other data releases this week however should they come out poor again it could set the trend leading up to Christmas, which is notoriously thin for trading.

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