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The dollar holds steady versus the euro and yen amid mixed economic data and looming Fed rate cuts, while the yen gains post-Japan election on expected fiscal stimulus. Euro weakens as inflation ease…
Britain's unemployment hits a five-year high with slowing wage growth, boosting expectations for Bank of England rate cuts and causing GBPUSD to drop to its lowest since February.
UK unemployment rose and wage growth slowed more than expected in December, pressuring the pound and raising prospects for Bank of England rate cuts.
Sterling strengthened following UK data showing a slight PMI improvement but rising unemployment, leaving BoE rate cut expectations intact for early next year.