Dollar surges as virus cases rise globally while Chinese equities dismiss Q2 GDP beat
(WorldNews France)

GBP The pound is paring back yesterday`s rally this morning, and as a result, both GBPUSD and GBPEUR remain well within recent trading ranges with no clear inter-day trend. UK labour market data for May was released this morning and showed a 126,000 worker fall in total employment in the three months to may, significantly better than most forecasts. The unemployment rate remained stable at 3.9%. Ostensibly these figures are astonishingly mild relative to the approximately 20% fall in gross domestic product that occurred in the second quarter. Two points bear consideration: firstly, the Government`s job retention scheme means that furloughed workers are counted as unemployed. Secondly, there...