The pound has fallen due to a slowdown in wage growth in the UK.

Jin10 data reported on October 14, the British pound fell over 40 points in the short-term, as previous data showed that the growth of average wages in the UK slowed in the quarter ending in August, suggesting that the Central Bank of the UK might be able to continue cutting interest rates, although the pace of rate cuts is very slow. The GBP/USD fell below the 1.33 level, having previously risen moderately before the data release. The British pound also weakened against the euro, having previously been expected to record its largest single-day rise in almost a month.