Nord Stream 2 certification suspended; Security probe into Nvidia’s Arm deal launched;– as it happened

Rolling coverage of the latest economic and financial news, including the latest UK jobs report

• Latest: UK orders phase 2" investigation into Nvidia's $40bn Arm deal
• Gas prices hit three-week high as Germany suspends Nord Stream 2 certification
• Move could delay flows to Europe, analyst says
• Last night, Boris Johnson warned pipeline puts stability at risk

Earlier:

• UK labour market resilient' as furlough ends
• Introduction: UK unemployment rate fell in July-September
• Vacancies at record in August-October

The pound has rallied as this morning's jobs report bolsters the prospect of a rise in UK interest rates.

Sterling has gained almost half a cent to $1.346, its highest level in nearly a week.

We are seeing the number of employees on companies' books at a record high, despite the end of the furlough scheme while job vacancies are also at all-time highs. On the plus side, there are plenty of job opportunities, which are set to rise in the run up to festive season, very low redundancy levels and the headline unemployment figure on a downward trajectory.

However the downside is that there are not enough workers, with fewer overseas job-seekers after the pandemic, skills shortages and supply is struggling to keep up with demand amid a faster-than-expected post-covid recovery. The tighter labour market is contributing towards an unsettling inflationary environment.