Economics

U.K. Labor Market Stays Strong as BOE Weighs Rate Cut

  • Solid figures end run of disappointing economic reports
  • Pounds edges higher, but bets on January easing remain strong
Photographer: Chris J Ratcliffe/Bloomberg
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The U.K. labor market held up in the face of political turmoil in the three months through November, breaking a run of disappointing data that had boosted bets on a Bank of England interest rate cut this month.