Tuesday set off with unemployment rate and average earnings for the UK. Noticing a lift for the unemployment rate up to 5%, its highest level in 2025.
Expectations were that it would rise from 4.8% to 4.9%, indicating that there are more people than forecasted that finding difficulties with job openings. While more people are out of job, people with employment also noticed a slowdown in average earnings, only growing by 4.6% (4.8% including bonuses). This combination of more people without a job and people with job noticing that their salary is not growing as previous saw GBP erase all its gains from yesterday to the EUR.
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