GBP Contained Versus USD, Interest Rate Rises Start to Bite

LONDON, Sept 1 Reuters The British pound held steady on Friday as data showed that previous interest rate rises are beginning to weigh on housing and manufacturing, but official figures showed the economy fared better than previously thought through the COVID19 pandemic. At 1026 GMT, sterling was last flat against the dollar at 1.2674, within […]
Read More

Dollar Drops as Unemployment Rate Rises, Wage Gains Slow

NEW YORK, Sept 1 Reuters The dollar fell against the euro and Japanese yen on Friday after the U.S. economy added more jobs than expected in August, though a rise in the unemployment rate to 3.8 and moderation in wage growth pointed to easing labor market conditions. Employers added 187,000 jobs in August, above expectations for a […]
Read More