FTSE Falls as Pound Weakens and UK Unemployment Reaches Three-Year High

The British pound fell against major currencies as new data revealed that UK unemployment has climbed to its highest point since May 2021.

The FTSE 100 also slipped amid investor concerns over the labor market and economic growth outlook.

Analysts say the figures reflect persistent challenges in the post-pandemic recovery, including sluggish hiring and inflation-driven business uncertainty.