GBP Gives Up Gains as UK Unemployment Holds at Four-Year High, Wage Pressures Ease
The U.K. labor market showed further signs of deterioration in the latest employment report, with the unemployment rate climbing to 5.1% for the three months to November while wage growth slowed to its weakest pace in over three years. The Office for National Statistics reported that payrolled employees fell by 43,000 in December—the steepest monthly decline since November 2020—while…











