- The United Kingdom unemployment rate rose to 4.6% in the three months to April.
- The change in the number of applicants in Great Britain stood at 33.1k in May.
- The GBP/USD maintains losses below 1,3550 after the weak employment data of the United Kingdom.
Ilo unemployment from the United Kingdom increased to 4.6% in the three months until April, after reporting 4.5% in the quarter until March, according to the data published on Tuesday by the Office of National Statistics (ONS).
The data aligned with market estimates.
Additional details of the report showed that the number of people who claimed unemployment benefits increased by 33.1K in May, compared to a revised decrease of 21.2K in April, failing the expected figure of 9.5K.
Employment change data were 89K in April compared to 112K in March.
Meanwhile, the average profits, excluding bonuses, in the United Kingdom increased 5.2% in three interannual months (3m yoy) in April compared to a revised growth of 5.5% previously recorded. The market forecast was a 5.4%reading.
Another measure of salary inflation, the average profits, including bonuses, rose 5.3% in the same period after accelerating 5.6% reviewed in the quarter until March. The data did not reach the 5.5%estimate.
GBP/USD reaction to the United Kingdom Employment Report
GBP/USD It is maintained under a moderate sales pressure after the publication of the United Kingdom employment data. The pair quotes 0.23% down in the day in 1,3523, 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. Libra sterling was the weakest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.17% | 0.16% | 0.03% | 0.09% | 0.17% | 0.13% | 0.02% | |
| EUR | -0.17% | 0.00% | -0.15% | -0.05% | 0.02% | -0.04% | -0.12% | |
| GBP | -0.16% | -0.00% | -0.22% | -0.05% | 0.02% | -0.04% | -0.12% | |
| JPY | -0.03% | 0.15% | 0.22% | 0.10% | 0.12% | 0.03% | -0.08% | |
| CAD | -0.09% | 0.05% | 0.05% | -0.10% | 0.06% | 0.02% | -0.07% | |
| Aud | -0.17% | -0.02% | -0.02% | -0.12% | -0.06% | -0.04% | -0.14% | |
| NZD | -0.13% | 0.04% | 0.04% | -0.03% | -0.02% | 0.04% | -0.08% | |
| CHF | -0.02% | 0.12% | 0.12% | 0.08% | 0.07% | 0.14% | 0.08% |
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.
