UK unemployment fell by 64,000 to 1.49 million in the three months to May, official figures show.

It meant the unemployment rate fell by 0.2% to its lowest since 1975, at 4.5%, the Office for National Statistics (ONS) added.

But wage increases continued to fall further behind inflation.

Excluding bonuses, earnings rose by 2.0% year-on-year. However, inflation had hit an almost four-year high of 2.9% in May.

When the impact of inflation is factored in, real weekly wages fell by 0.5% compared with a year earlier.

After trading lower against the dollar, the pound gained ground to trade 0.1% stronger on the day at $1.2858. Sterling also gained 0.1% against the euro, with one pound getting you 1.1217 euros.

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