Sterling Gains After UK Unemployment Rate Falls to 4.7%
The UK unemployment rate fell to 4.7% in the three months to August, from 4.9% in the previous three months. Economists surveyed by the WSJ had expected it to remain at 4.9%. Sterling rose after the data.
Sterling rises after data showed an unexpected decline in the U.K. unemployment rate for the three months to August. The unemployment rate fell to 4.7% from 4.9% in the previous three months. Economists in a WSJ survey had expected the rate to remain at 4.9%.
Average earnings excluding bonuses rose…