Labour market statistics today revealed stronger-than-expected earnings growth alongside a slight rise in the overall unemployment rate to 3.8%. The pound rallied after the release pointed to the need for further interest rate hikes.
Meanwhile, China’s first quarter GDP figure beat expectations as the country’s recovery from Covid lockdowns continues.
On the corporate front, the FTSE 100 index moved higher in a session when drugs giant GSK revealed a major acquisition and FTSE 250-listed easyJet raised its profits guidance.
