⁍ Sterling sank on Tuesday, dipping against a broadly stronger dollar.


⁍ With no fresh news coming out of the negotiations, sterling was trading in tight ranges.


⁍ The pound has been only minimally affected this week by labour market data.


– Britain’s unemployment rate rose to 4.5% in the three months to August, its highest in more than three years, even before the end of the government’s job protection plan. Economists had expected the jobless rate to rise more slowly, to 4.3% from 4.1% in the three months to July. Britain’s unemployment rate rose by more than expected to 4.5% in the three months to August, its highest in more than three years, even before the end of the government’s broad coronavirus job protection plan. “This is not good news for the battered UK economy but with Brexit negotiations at a critical phase, hardly anything else looks likely to impact the pound,” ING strategists said in a note to clients, per Reuters, noting that the British government may have to impose tougher restrictions than it currently has if the second spike of the novel coronavirus accelerates in high risk areas.



Source: https://www.reuters.com/article/uk-britain-sterling/sterling-dips-below-130-tough-brexit-negotiations-eyed-idUSKBN26Y10O