- The EUR/GBP remains stable after the publication of mixed employment data from the United Kingdom.
- The UKO ilo unemployment rate rose to 4.5% in the three months to March, slightly above the previous 4.4%.
- The ECB officials pointed out that the review of current policies will probably strengthen existing strategies, including quantitative flexibility (QE).
The EUR/GBP stops its six -day run, quoting around 0.8420 during the first European hours on Tuesday. The crossing of currencies remains firm after the publication of mixed employment data from the United Kingdom (United Kingdom). Later in the day, the operators will focus on the surveys of economic feeling of May both Germany and the Eurozone in general, which provide information on the confidence of institutional investors.
The data of the Office of National Statistics (ONS) of the United Kingdom showed that the ilo unemployment rate rose to 4.5% in the three months to March, slightly above 4.4% reported in the previous quarter and in line with market expectations. Meanwhile, the change in the number of applicants increased by 5,200 in April, after a revised 16,900 drop in March. The figure was better than the anticipated increase of 22,300. The change in employment showed a gain of 112,000 in March, below 206,000 in February.
Salary growth data were also mixed. The average income, excluding bonuses, increased by 5.6% year -on -year in the three months to March, slightly below the previous 5.9% and below the expected 5.7%. Including bonuses, wages increased by 5.5%, exceeding 5.2% but below 5.7% reviewed above.
At the front of the Eurozone, Reuters reported that several officials of the European Central Bank (ECB) indicated that the review of current policies is expected to reaffirm the previous strategies, including quantitative flexibility (QE), despite some internal criticisms. Those responsible for politics also pointed out that the ECB will maintain the language that refers to “energetic actions” during periods of low rates and inflation.
Economic indicator
Unemployment ilo rate
The unemployment ilo rate published by the National Statistics corresponds to the percentage of unemployed within the universe of active population. It is a key indicator for the British economy. When this rate rises, it indicates a containment in the expansion of the United Kingdom in the field of the European Union labor. As a result, the growth of this rate entails a weakening of the British economy.
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Last publication:
May May 13, 2025 06:00
Frequency:
Monthly
Current:
4.5%
Dear:
4.5%
Previous:
4.4%
Fountain:
Office for National Statistics
The unemployment rate is the widest indicator of the British labor market. The figure is highlighted by the media, beyond the financial sector, giving the publication a more significant impact despite its late publication. It is published about six weeks after the end of the month. Although the Bank of England has the task of maintaining price stability, there is substantial inverse correlation between unemployment and inflation. A figure higher than expected tends to be bassist for the GBP.
Economic indicator
ZEW Index – Economic feeling
The index of economic feeling published by the Center for European Economic Research, Zew, It measures the feeling of institutional investors, reflecting the difference between the proportion of investors that are optimistic and those who are pessimistic. A positive number implies that the proportion of optimists is superior to that of pessimists. A number greater than expectations is bullish for the euro, while a lower number is bassist.
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Next publication:
May May 13, 2025 09:00
Frequency:
Monthly
Dear:
-3.5
Previous:
-18.5
Fountain:
ZEW – Leibniz Center for European Economic Research
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
