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The British pound rose to a three-month high against the US dollar on Tuesday after the country s unemployment rate dipped to 4.8 per cent in the three months to March.
The fall in the jobless level, down from 4.9 per cent in February, according to the Office for National Statistics, came despite England spending the period in its third lockdown and employment surging by 84,000 – the first gain since the pandemic started.
The positive news saw the pound rise above $1.42 for the first time since February in early London trading, and at 10.25am London time sterling was up around 0.58 per cent on the day at $1.4216.
Jungtinëje Karalystëje nedarbas pirmàjá ðiø metø ketvirtá siekë 4,8% vz.lt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vz.lt Daily Mail and Mail on Sunday newspapers.
Jobless rate drops and payroll workers rise as lockdown lifts eveningexpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eveningexpress.co.uk Daily Mail and Mail on Sunday newspapers.