Google Cloud outage: Problems reported at banks, Revolut, Rightmove and court video cameras – business live
Rolling coverage of the latest economic and financial news, as Google suffers a a major Cloud outage in its London region
The pound has rallied after Britain’s unemployment rate fell unexpectedly this morning to 4.7%.
Sterling has gained half a cent against the US dollar to $1.3352, as the City welcomes the news that employment rose in the last quarter.
“This data has caught the market on the hop, with traders scrambling to respond and boost exposure to the pound. Good news has been a touch more prevalent for the UK of late, which is just the kind of framing the government needs heading into the budget, though signs of more resilience in the labour market do of course mean the BoE has more room to respond to higher inflation.”
“The labour market remains relatively flat overall. This resilience in the face of headwinds driven by global events is welcome. …
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