- The UK unemployment rate rose to 4.5% in the three months until March.
- The change in the number of applicants in Great Britain stood at 5.2K in April.
- The GBP/USD maintains profits about 1,3200 after mixed employment data of the United Kingdom.
The Ilo unemployment rate of the United Kingdom rose to 4.5% in the three months until Marchafter reporting 4.4% in the quarter until February, according to the data published by the Office of National Statistics (ONS) on Tuesday. The market forecast was 4.5% in the reported period.
Additional details of the report showed that the number of people who requested unemployment benefits increased by 5,200 in April, compared to a revised decrease of 16.9K in March, exceeding the expectation of 22,300.
Employment change data were 112,000 in March compared to 206,000 in February.
Meanwhile, the average profits, excluding bonuses, in the United Kingdom increased 5.6% year -on -year (3m yoy) in March compared to a growth of 5.9% previously recorded. The markets were waiting for a result of 5.7%.
Another measure of salary inflation, average profits, including bonuses, advanced 5.5% in the same period after accelerating 5.7% reviewed in the quarter until February. The data exceeded the 5.2%estimate.
GBP/USD reaction to the United Kingdom Employment Report
GBP/USD It maintains profits after the publication of the United Kingdom’s employment data. The pair quotes 0.16% higher in the day at 1,3195, at the time of writing.
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. The sterling pound was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.20% | -0.16% | -0.41% | -0.06% | -0.59% | -0.60% | -0.27% | |
| EUR | 0.20% | 0.04% | -0.21% | 0.14% | -0.39% | -0.38% | -0.04% | |
| GBP | 0.16% | -0.04% | -0.23% | 0.10% | -0.42% | -0.44% | -0.08% | |
| JPY | 0.41% | 0.21% | 0.23% | 0.36% | -0.18% | -0.21% | 0.19% | |
| CAD | 0.06% | -0.14% | -0.10% | -0.36% | -0.62% | -0.54% | -0.20% | |
| Aud | 0.59% | 0.39% | 0.42% | 0.18% | 0.62% | 0.00% | 0.35% | |
| NZD | 0.60% | 0.38% | 0.44% | 0.21% | 0.54% | -0.00% | 0.35% | |
| CHF | 0.27% | 0.04% | 0.08% | -0.19% | 0.20% | -0.35% | -0.35% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
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.
