General · 18 June 2026
British pound rises slightly as unemployment drops
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People tracking prices and borrowing costs got fresh signs that Britain's labour market stayed firmer than expected, helping the pound recover some ground. On Thursday, sterling rose 0.17% against the dollar after new figures showed lower unemployment and stronger pay growth. Joblessness stood at 4.9% through April, payroll numbers increased by 2,000 in May, and pay excluding bonuses held at 3.4%.
Reported by Reuters · How we write briefs