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U.K. Economy Continues To Defy Brexit Fears

U.K. Economy Continues To Defy Brexit Fears

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The U.K. economy continues to defy Brexit fears, with data this morning showing that unemployment remained at 4.3 percent in the three months through November, with the number of people in work rising 102,000 to a record high. The pound traded above $1.41 after the release, which also showed wage growth of 2.4 percent. Brexit Secretary David Davis expressed support for a two-year transition period following an agreement on the terms of the country’s exit from the European Union, saying that Britain would remain close to the EU regulatory regime after it had left the bloc.