Weak UK Jobs Data Sends Down Pound and Boosts BOE Rate Cut Bets

The pound fell and UK bonds rallied as traders added to bets on interest-rate cuts from the Bank of England after data showed a sharp deterioration in the labor market. Sterling fell as much as 0.7% to $1.3456 on Tuesday, heading for its wo https://www.livemint.com/market/stock-market-news/weak-uk-jobs-data-sends-down-pound-and-boosts-boe-rate-cut-bets-11749546379403.html