The Pound to Dollar exchange rate climbed back above 1.14 to extend a six-day recovery as U.S. exchange rates eased across the board following the release of data suggesting that the number of U.S. job vacancies falling sharply in August. Reducing historically elevated corporate demand for labour has been a key objective of the Federal Reserve (Fed) in its attempt to return U.S. inflation to the 2% target after wage growth rates begans rising significantly in response to this as well as the energy and food price increases seen over recent years. Hence why members of the Federal Open Market Committee may feel ... (full story)