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Finance

Sterling drops after UK jobs, wages data

Published by Global Banking and Finance Review

Posted on November 11, 2025

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(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)