Sterling Slides as UK Unemployment Hits 4.8%, Fueling BOE Rate Cut Bets
The U.K. labor market deteriorated further in the three months to August 2025, with unemployment rising to 4.8% – its highest level since May 2021. The latest Office for National Statistics data revealed a concerning mix of rising joblessness and persistent wage pressures that complicated the Bank of England’s (BOE) policy outlook. The latest reports suggest that U.K. businesses…











