Another lacklustre day in FX as yield-seeking investors struggle to work out where to invest with all major central banks recently dropping their hawkish biases
As stocks gained further ground, safe haven gold and Swiss franc fell, while the US dollar rose
British pound was the weakest major currency despite UK wages data printing +3.5% on a 3m/y basis. This was in line with expectations. Excluding bonuses, earnings were +3.4%, also as expected.
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