Markets

Sterling jumps on strong UK jobs data

Published Updated

The pound rose 0.3 percent to $1.2921 after data showed British workers' pay growth hit a new 10-year high and employment grew by much more than expected in the three months to the end of November.

Against the euro, sterling also jumped 0.3 percent to the day's high of 87.96 pence.

Copyright Reuters, 2019