A Sterling threat to the UK recovery

The UK’s unemployment rate is now at its lowest level since 2009, giving the Bank of England scope to consider raising interest rates next year. But the strengthening currency is cause for concern.

The unemployment rate in the United Kingdom fell to its lowest level in four-and-a-half years in the three months to October. This provides further evidence that the UK recovery is on track and gathering steam, although the Bank of England is concerned that an appreciating pound may put growth at risk.


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