General · 18 June 2026
British pound rises slightly as unemployment drops
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