British pound is the worst performing G10 currency today. Weakening was triggered by Johnson’s plan to significantly shorten Brexit transition period. UK labour market data released at 9:30 am GMT did not provide relief for the currency as it showed bigger-than-expected slowdown in wage growth (3.2% YoY vs expected 3.4% YoY) and rising number of claims. GBPUSD is trading over 0.7% lower and the pair has erased the post-elections surge.
GBPUSD erases post-election surge and trade back near the 1.32 handle. Source: xStation5
Chart of the day - EURUSD (17.10.2025)
BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher
Economic calendar: Eurozone inflation at the week’s close
BREAKING: Sweden's Unemployment Rate Slightly Decreases