Finance
Sterling drops after UK jobs, wages data
Published by Global Banking & Finance Review®
Posted on November 11, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 11, 2025
1 min readLast updated: January 21, 2026
Sterling fell as UK unemployment rose and wage growth slowed, prompting Bank of England's close watch on inflation.
(Reuters) -Sterling fell on Tuesday, after data showed British unemployment rose, while annual wage growth slowed slightly to 4.6% in the three months to September compared with a year earlier.
The Bank of England is closely watching pay growth for signs of how persistent domestic inflation pressures are likely to prove.
The pound was last down 0.39% to $1.31205, while the euro rose 0.36% to 88.03 pence.
(Reporting by Stefano Rebaudo; Editing by Amanda Cooper)
Unemployment refers to the situation when individuals who are capable of working are unable to find a job. It is often measured as a percentage of the total labor force.
Wage growth is the increase in the average pay that workers receive over time. It is often expressed as a percentage increase compared to previous periods.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured by the Consumer Price Index (CPI).
The Bank of England is the central bank of the United Kingdom, responsible for issuing currency, managing monetary policy, and overseeing financial stability.
Currency hedging is a financial strategy used to protect against potential losses due to fluctuations in exchange rates. It often involves using financial instruments like options or futures.
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