The end of the furlough system has not, so far, led to a rise in unemployment, with 247,000 new jobs being found in September and unemployment falling to 4.3%, close to pre-pandemic levels.
While all the data has not shaken out yet and post-furlough redundancies could still show up next month, as a key piece of data encouraging an interest rate rise in December, the news has boosted the pound by 1% this morning.
There is plenty more data coming this week, with inflation tomorrow and consumer confidence on Friday.
