The United Kingdom, along with the majority of other nations, is feeling the full effects of the economic recessions in the employment sector. However, the UK government reported that unemployment rose less than economists forecasted in May by roughly 26,000. The rate of job losses is the lowest rise since July 2008, and is a sign that recession is easing in the UK.

The pound's exchange rate declined early today against the euro, but the government's reports have it fighting back. The British currency is at 84.76 pence per euro after sliding 0.7% early on.

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The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.