Analyst: The rise of the pound triggered by UK employment data is unlikely to last

ChainCatcher news, Monex Europe analysts stated in a report that the pound's rally is unlikely to last after the release of UK employment market data on Tuesday.

The data provided a series of slightly better-than-expected figures. However, given concerns about the quality of these data, "we are reluctant to over-interpret the latest round of data." The UK inflation data to be released on Wednesday should be more important for the market. This could be below expectations and weaken the pound.