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Labour market data soothes sterling as Brexit challenges mount

Reuters  |  LONDON 

By Patrick Graham and Jemima KellyLONDON (Reuters) - Slightly better than expected wages and jobs data saved Britain's pound from another downward lurch on Wednesday, offsetting a series of political and economic warning signs as talks on leaving the European Union get going in earnest.Ratings agency Moody's said in a statement late on Tuesday that the United Kingdom's creditworthiness was under pressure following last year's vote to leave the EU and the ongoing uncertainty over the outcome of negotiations with Brussels.That comes at a time when the Conservative government is under pressure, ...

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First Published: Wed, July 12 2017. 22:37 IST