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12.08.25 - 12:30
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Pound Rises On Upbeat U.K. Employment Data (AFX)
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BRUSSELS (dpa-AFX) - The British pound strengthened against other major currencies in the European session on Tuesday, following the release of the upbeat United Kingdom (UK) labor market data for......
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12.08.25 - 08:54
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UK Jobless Rate Stable At 4.7% (AFX)
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LONDON (dpa-AFX) - The UK unemployment rate remained unchanged in three months to June, the Office for National Statistics said Tuesday. The ILO jobless rate held steady at 4.7 percent in the seco......
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11.08.25 - 07:30
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UK firms′ hiring intentions remain at record low amid rising employment costs (The Guardian)
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Economic uncertainty also a factor as bosses 'stuck in limbo' and drop in recruitment hits young people hardestHiring intentions among Britain's businesses remain at a record low as they grapple with rising employment costs and worry about the economic outlook, with young people hit hardest by the drop in recruitment.Three separate surveys issued on Monday painted a gloomy picture on hiring activity, pay and business confidence, with claims that bosses were “stuck in limbo” and waiting for greater clarity in the autumn budget. Continue reading......
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03.08.25 - 09:18
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Bank of England forecast to cut interest rates amid rising unemployment and Trump tariffs (The Guardian)
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City predicts quarter-point drop to 4% when MPC meets on ThursdayBank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to global trade from Donald Trump's fresh round of import tariffs.City traders are betting that the Bank's nine-member monetary policy committee (MPC) will reduce the headline rate on Thursday by 0.25 percentage points to 4%, marking the fifth cut since last August and taking interest rates back to where they were in March 2023. Continue reading......
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17.07.25 - 14:01
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UK Unemployment Rate Rises; Wage Growth Slows (AFX)
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LONDON (dpa-AFX) - The U.K. jobless rate rose unexpectedly to a near four-year high and wage growth softened in the three months to May, suggesting that the labor market is cooling. Data from the ......
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17.07.25 - 13:48
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TSMC Stock Surges on AI Hype, UK Unemployment Highest in Four Years | The Opening Trade 07/17 (Bloomberg)
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TSMC boosted its outlook for the year after delivering record profit despite currency headwinds and the drag from US tariff uncertainty. The company raised its full-year revenue growth forecast to 30%, but said it's taking a “conservative attitude”.
Chancellor of the Exchequer Rachel Reeves' first budget appears to have cost fewer jobs than previously estimated, casting fresh doubt over the state of the British labor market after a string of data issues in recent years. Bank of England Governor Andrew Bailey guiding markets toward more reductions and traders putting the odds of a quarter-point cut next month at over 80%.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Lizzy Burden. (Source: Bloomberg)...
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17.07.25 - 13:24
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Pound Rises Following U.K. Employment Data (AFX)
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BRUSSELS (dpa-AFX) - The British pound strengthened against other major currencies in the European session on Thursday, following mixed employment figures from the United Kingdom. Data from the Of......
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17.07.25 - 11:36
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The rise in unemployment shows the UK jobs market is cooling, but it is not collapsing (The Guardian)
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Despite the latest poor data, wage growth remains resilient and there are 'signs of confidence returning'UK unemployment rises as jobs market 'weakens'Business live – latest updatesAnaemic economic growth, rising inflation, and a worsening outlook in the jobs market. If the inheritance from the Conservatives had been bad, the situation a year in to the new Labour government do not look much better.The latest figures show unemployment nudged up to 4.7% in May, hitting the highest level in four years, while wage growth slowed for a third consecutive month, and employers cut back on hiring. Continue reading......
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17.07.25 - 10:24
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UK Jobless Rate Rises Unexpectedly (AFX)
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LONDON (dpa-AFX) - The UK unemployment rate rose unexpectedly in the three months to May, data from the Office for National Statistics revealed on Thursday.The jobless rate rose to 4.7 percent, wh......
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10.06.25 - 11:54
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UK Jobless Rate Rises; Wage Growth Softens (AFX)
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LONDON (dpa-AFX) - The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to w......
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10.06.25 - 10:54
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UK unemployment rises to highest level in nearly four years (The Guardian)
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Wage growth cools more than expected as Rachel Reeves tax increases add to labour market slowdownReeves will hope weaker wage growth allows more interest rate cutsBusiness live – latest updatesUnemployment in the UK rose in April to the highest level in almost four years, official figures showed, as tax increases introduced by Rachel Reeves added to a broader slowdown in the jobs market.In a blow for the chancellor before Wednesday's spending review, the Office for National Statistics (ONS) said the jobless rate increased to 4.6% in the three months to the end of April, up from 4.5% on the previous three-month period, to hit the highest level since summer 2021. Continue reading......
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