Article taken from: finance.yahoo.com
The British pound held up well most of last week against a stronger dollar but eventually pushed lower on Friday despite data that showed the US jobs market had been impacted more than expected by the Coronavirus. The monthly loss of jobs in the US of 701 thousand was much larger than the analyst estimate for a decline of 100 thousand. […] Earlier today, the purchasing manager’s index for construction in the UK was reported to decline at the sharpest rate in more than a decade. Poor data is expected to continue as reporting agencies will start releasing data that covers March which is when the Coronavirus threat began to accelerate. […] Last week, the report revealed more than six million people reporting claims which is more than 30 times the otherwise recent average.
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