Eurozone Employment Change (YoY) came in at 0.6%, above forecasts (0.5%) in 3Q

Eurozone Employment Change (YoY) came in at 0.6%, above forecasts (0.5%) in 3Q
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GBP rally seen as short squeeze, not repricing of UK risk – ING

The Pound Sterling (GBP) remains firm, though analysts view the move as a short squeeze rather than a fundamental reassessment of UK risk. While GBP/USD may rise into year-end, BoE easing should keep EUR/GBP supported around 0.88, ING's FX analyst Chris Turner notes.
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