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Business · 2 hours ago

Pound falls to a one-month low as oil prices stay high

Pound falls to a one-month low as oil prices stay high

Britain's pay growth has slowed near a six-year low while job vacancies drop to levels not seen since 2021. Traders expect the Bank of England to keep interest rates steady on Thursday even as global energy costs climb higher. Crude oil climbed more than two percent to reach $108.2 a barrel following fresh attacks in Yemen.

Reported by Reuters · How we write briefs

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Why are oil prices so high? What's a 'one-month low'? Why do oil prices matter?

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