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    User Press Releases » GBP upside overdone?
    SaxoBank - July 16, 2014, 06:27 GMT

    GBP upside overdone? The headline UK employment data is positive, as May ILO Unemployment Rate fell to 6.5% from 6.6% as expected and Jun. jobless claims dropped more than expected. So why did GBP drop on the release? Possibly as Average Weekly Earnings data for May showed a meagre +0.3% rise year-on-year and +0.7% ex