UK Jobless Rate Climbs, Adding Pressure on BOE to Cut

UK unemployment rose more than expected, prompting traders to add to bets on a Bank of England interest-rate cut next month. The jobless rate climbed to 5% in the three months through September, up from 4.8% the previous month and the highest since early 2021 when the economy was under Covid restrictions, the Office for National Statistics said Tuesday. Dan Hanson of Bloomberg Economics breaks down the data.