- The United Kingdom unemployment rate remains unchanged in 4.4% in the three months until February.
- The change in the number of applicants in Great Britain was 18.7K in March.
- The GBP/USD defends the profits about 1,3200 after the mixed employment data of the United Kingdom.
The UKO ilo unemployment rate remained stable at 4.4% in the three months until February, according to the data published by the Office of National Statistics (ONS) on Thursday. The market forecast was 4.4% in the reported period.
Additional details of the report showed that the number of people who claimed unemployment benefits increased by 18.7K in February, compared to a revised gain of 16.5K in January, exceeding the expected reading of 30.3K.
The employment change data for February was 205k compared to 144K in January.
Meanwhile, the average profits, excluding bonuses, in the United Kingdom increased 5.9% in three interannual months (3M year -on -year) in February compared to a revised growth of 5.8% previously recorded. The markets were waiting for a 6%result.
Another measure of salary inflation, average profits, including bonuses, advanced 5.6% in the same period after accelerating 5.6% reviewed in the quarter until February. The data exceeded the 5.7%estimate.
GBP/USD reaction to the United Kingdom Employment Report
GBP/USD Defend the profits after the publication of the United Kingdom’s employment data. The pair quotes 0.07% higher in the day at 1,3201, 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 strongest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | -0.08% | -0.13% | 0.00% | -0.46% | -0.53% | 0.23% | |
| EUR | -0.06% | -0.13% | -0.15% | -0.04% | -0.44% | -0.57% | 0.19% | |
| GBP | 0.08% | 0.13% | -0.02% | 0.09% | -0.31% | -0.45% | 0.32% | |
| JPY | 0.13% | 0.15% | 0.02% | 0.11% | -0.32% | -0.56% | 0.33% | |
| CAD | -0.01% | 0.04% | -0.09% | -0.11% | -0.42% | -0.53% | 0.23% | |
| Aud | 0.46% | 0.44% | 0.31% | 0.32% | 0.42% | -0.13% | 0.63% | |
| NZD | 0.53% | 0.57% | 0.45% | 0.56% | 0.53% | 0.13% | 0.76% | |
| CHF | -0.23% | -0.19% | -0.32% | -0.33% | -0.23% | -0.63% | -0.76% |
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.
