Why Young People Can't Find a Job in London Anymore

UK unemployment rose to a near five-year high while wage growth eased, indicating a weakening labour market. That combination has increased the likelihood markets see a Bank of England interest-rate cut by spring, with implications for gilt yields, sterling and risk assets.

Analysis

UK unemployment rose to a near five-year high while wage growth eased, indicating a weakening labour market. That combination has increased the likelihood markets see a Bank of England interest-rate cut by spring, with implications for gilt yields, sterling and risk assets.