General · 19 May 2026
Sterling declines as UK jobs data disappoints
Borrowing costs and investment worries stayed in view as the pound lost ground against the dollar on Tuesday. Traders reacted after British employment figures showed fewer vacancies and the sharpest April payroll decline since May 2020, while attention remained on Labour Party tensions around Prime Minister Keir Starmer. Sterling traded 0.26% lower at $1.3399 after earlier support linked to Andy Burnham's comments about fiscal rules.
Reported by Reuters · How we write briefs