UK ‘to lose 163,000 jobs in 2026’ amid Iran war fallout, as oil price jumps again – business live

Rolling coverage of the latest economic and financial newsSterling is making a poor start to the new trading week, dropping by half a cent against the US dollar.The pound has dropped to $1.358, wiping out most of Friday’s gains. Traders are watching political tensions built in Westminster, as the uncertainty over Keir Starmer’s future could weaken demand for UK assets.Some of that [the pound’s weakness] is to do with the US dollar catching a bid on the reopen this morning on risk aversion flows...