UK January Jobless Rises 73,800

The number of UK jobless rose by 73,800 in January figures just released reveal, pegging the ranks of the great unemployed now at just a tad under 2 million.

Astonishingly, the figures were actually better than anticipated. An increase of 88,000 had been expected, taking unemployment over 2 million.

The pound rose around a cent on the news from $1.44 to $1.45, but still around 4 cents below the weeks highs.