The sterling fell to its lowest level in nearly three weeks against the dollar on Thursday morning. The pound gained throughout the early morning, climbing toward the $2 level. However, with the release of economic data from the US during the morning, the sterling fell. After the 8:30 a.m. release of stronger-than-expected jobs data in the U.S., the pound began to sharply fall. It reached as high as 1.9875 at 10:15 a.m.
The pound gained after reaching support against the euro. The sterling was at a weekly low of 0.6836 at 3 a.m. but trended up for the rest of the morning. It got to 0.6820 by 11:15 a.m.
The sterling and yen were choppy on Thursday morning and were close to their overnight level at around noon ET. The pound got as high as 239.54 at 4:15 a.m. and as low as 238.99 at 10:45 a.m. The Japanese market was closed on Thursday.
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