- Analytics
- News and Tools
- Market News
- UK Unemployment Rate rises to 3.9% in quarter to January vs. 3.8% expected
UK Unemployment Rate rises to 3.9% in quarter to January vs. 3.8% expected
- The UK Unemployment Rate climbed to 3.9% in the quarter to January.
- The Claimant Count Change for Britain arrived at 16.8K in January.
- GBP/USD tests lows near 1.2800 after mixed UK jobs data.
The United Kingdom’s (UK) ILO Unemployment Rate rose to 3.9% in three months to January, a tad higher than the 3.8% in December, data published by the Office for National Statistics (ONS) showed Tuesday. The market expectations were for a 3.8% print in the reported period.
Additional details of the report showed that the number of people claiming jobless benefits rose by 16.8K in February when compared to a gain of 3.1K in January. The market forecast was for a 20.3K increase in the reported period.
The British Employment Change data for January arrived at -21K, as against a 72K rise in December.
Average Earnings excluding Bonus in the UK rose 6.1% 3M YoY in January versus December’s 6.2% increase, missing the market expectations of a 6.2% growth.
Another measure of wage inflation, Average Earnings including Bonus increased 5.6% in the reported period, compared with a 5.8% increase in December and the expected 5.7% growth.
GBP/USD reaction to the UK employment report
GBP/USD dropped to test 1.2800 on discouraging UK employment data. The pair is trading 0.05% lower on the day at 1.2805, as of writing.
Pound Sterling price today
The table below shows the percentage change of Pound Sterling (GBP) against listed major currencies today. Pound Sterling was the weakest against the Euro.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.06% | 0.11% | -0.04% | -0.01% | 0.43% | 0.00% | -0.04% | |
| EUR | 0.06% | 0.15% | 0.02% | 0.04% | 0.48% | 0.04% | 0.01% | |
| GBP | -0.11% | -0.14% | -0.12% | -0.09% | 0.32% | -0.08% | -0.13% | |
| CAD | 0.04% | -0.02% | 0.12% | 0.03% | 0.45% | 0.03% | -0.01% | |
| AUD | 0.01% | -0.06% | 0.11% | -0.03% | 0.44% | 0.00% | -0.04% | |
| JPY | -0.42% | -0.45% | -0.30% | -0.44% | -0.42% | -0.39% | -0.45% | |
| NZD | 0.00% | -0.05% | 0.09% | -0.02% | 0.00% | 0.43% | -0.03% | |
| CHF | 0.05% | 0.00% | 0.15% | 0.00% | 0.03% | 0.46% | 0.04% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
