UK Jobless Rate Paves Way for Potential BOE Rate Cut

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Why This Matters

UK unemployment rate has reached its highest since the pandemic, potentially paving the way for a Bank of England interest-rate cut as the labor market weakens.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

UK unemployment reached its highest since the pandemic and wage growth eased as the labor market continued to weaken. The jobless rate climbed to 5.2% in the final quarter of last year, the Office for National Statistics said Tuesday, paving the way for a potential interest-rate cut. Bloomberg's Sam Unsted breaks down the data and Aberdeen Investment economist Sree Kochugovindan assesses the Bank of England's next move. (Source: Bloomberg)

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Original article published by Bloomberg on February 17, 2026.
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