- The GBP/JPY is strengthened after the publication of the United Kingdom’s employment data.
- The ILO unemployment rate remained unchanged in 4.4% in the three months that ended in December.
- The Japanese yen depreciates due to the increase in market optimism after the postponement of Trump’s reciprocal tariffs.
The GBP/JPY stops its three -day running streak, quoting around 191.50 during the first European hours on Tuesday. The currency crossing finds new demand after the publication of the United Kingdom employment data.
The National Statistics Office (ONS) on Tuesday that the ILO unemployment rate remained stable in 4.4% in the three months prior to December, aligning with the previous figures. Market expectations anticipated a slight increase to 4.5%.
The change in the number of applicants, which shows the number of people who claim unemployment benefits, increased by 22,000 in January, compared to a revised fall of 15,100 in December, not reaching the estimate of 10,000. The employment change data for December were 107,000 compared to November 35,000.
The GBP/JPY crossing is also appreciated since the Japanese Yen (JPY) loses ground in the midst of greater market optimism due to the postponement of the implementation of the reciprocal tariffs of the president of the USA, Donald Trump.
However, the Japanese yen could recover ground in the midst of a greater feeling of a hard line around the policy perspectives of the Bank of Japan (BOE), driven by a robust report of the Gross Domestic Product (GDP) of Japan that exceeded the expectations
The markets are now assessing an additional increase of 37 basic points in the rates by the Bank of Japan in 2025, carrying the performance of the reference bonus of the Japanese government to 10 years at its highest level since April 2010.
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:
MAR FEB 18, 2025 07:00
Frequency:
Monthly
Current:
4.4%
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.
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.
