The pound hit its highest level since the Brexit vote

UK weather Met Office chart

"The labour market continues to be strong, and for the first time in nearly a year, earnings have grown slightly after inflation has been taken into account", senior ONS statistician Matt Hughes said in a statement.

British households - whose spending is the main driver of the country's economy - have been hit by the double whammy of slow wage growth and a jump in inflation, due mostly to the fall in the value of the pound after the 2016 Brexit vote.

Unemployment figures, also released today, fell to a new post-1975 low of 4.2 per cent in February, down from 4.3 per cent in the previous month.

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Russian Federation and its ally Syria called the attack fabricated and said no evidence of chemical weapons use exists in Douma. She hit back on critics who argue the United States didn't go far enough because it had other interests in the war-torn nation.

Wages in the three months to February were unchanged from the three months to January, official figures show. Markets expect rates to be raised by 25 basis points next month. This too is significant because the lower that unemployment falls, the tighter the labour market becomes, which bodes well for wage growth further down the line. This saw the Pound-to-Dollar rate quoted 0.04% lower at 1.4336, marking a reversal of an earlier 0.22% gain, while the Pound-to-Euro rate traded 0.11% lower at 1.1567.

Sterling's value has increased by more than 6% since the start of the year, and it is now "the darling of the currency world".

Sterling was flat against the euro.

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Investors has said that the recent strong run was down to the United Kingdom raising interest rates, and the looming trade war speared by the US. Inflation over the period, as measured by the consumer price index, was around 2.9 percent. The BoE follows the CPI as its target for inflation.

Earnings grew an average of 2.8%, outstripping inflation for the first time in over a year. What is clear however, is that a failure to raise rates in May will be bad for Pound Sterling.

Last November the Bank of England hiked rates from 0.25 per cent to 0.5 per cent, and there are signs that another hike could be on the cards again soon - possibly as soon as May.

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He said the women resigned as ANCWL national executive committee (NEC) members because they said they can't be led by a criminal. Winnie's body was brought to the house where she lived with Nelson Mandela before he was incarcerated.

At 1.1585, Sterling remains 13% lower against the Euro than it was on the morning of the Brexit referendum while the Pound-to-Dollar rate is only 1.1% below the 1.45 level it was at before the result became known.

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