|

UK Unemployment Rate stays at 4.4% in quarter to December vs. 4.5% expected

  • The UK Unemployment Rate held steady at 4.4% in three months to December.
  • The Claimant Count Change for Britain came in at 22K in January.
  • GBP/USD trims losses to regain 1.2600 after mixed UK employment data

The United Kingdom’s (UK) ILO Unemployment Rate remained at 4.4% in the three months to December, the data published by the Office for National Statistics (ONS) showed on Tuesday. The market forecast was for a 4.5% print in the reported period.

Additional details of the report showed that the number of people claiming jobless benefits climbed by 22K in January, compared with a revised drop of 15.1K in December, missing the estimated 10K figure.

The Employment Change data for December came in at 107K versus November’s 35K.

Meanwhile, Average Earnings, excluding Bonus, in the UK increased by 5.9% three months year-on-year (3M YoY) in December versus a 5.6% growth booked previously. Markets expected a 5.9% reading.

Another measure of wage inflation, Average Earnings, including Bonus, rose 6% in the same period after accelerating by 5.6% in the quarter through November. The data surpassed the market consensus of 5.9%.

GBP/USD reaction to the UK employment report

GBP/USD finds fresh demand and trims losses on the release of the UK employment data. The pair is trading 0.09% lower on the day at 1.2613, as of writing.

(This story was corrected on February 18 at 8:27 GMT to say that Average Earnings, including Bonus, rose 6%, not 5.9%.)

British Pound PRICE Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the US Dollar.

 USDEURGBPJPYCADAUDNZDCHF
USD 0.18%0.10%0.30%0.05%0.00%0.42%0.13%
EUR-0.18% -0.08%0.11%-0.13%-0.17%0.23%-0.05%
GBP-0.10%0.08% 0.23%-0.05%-0.10%0.31%0.03%
JPY-0.30%-0.11%-0.23% -0.26%-0.31%0.08%-0.19%
CAD-0.05%0.13%0.05%0.26% -0.05%0.36%0.09%
AUD-0.01%0.17%0.10%0.31%0.05% 0.40%0.10%
NZD-0.42%-0.23%-0.31%-0.08%-0.36%-0.40% -0.28%
CHF-0.13%0.05%-0.03%0.19%-0.09%-0.10%0.28% 

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 British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD off three-month highs, holds near 1.1800 on softer US Dollar

EUR/USD consolidates gains below 1.1800 in the European trading hours on Wednesday. A broadly subdued US Dollar continues to underpin the pair amid quiet markets and thin liquidity conditions on Christmas Eve. 

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 in the European session on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders turn to sidelines heading into the holiday season. 

Gold retreats from record highs amid profit-taking on Christmas Eve

Gold retreats following the move higher to the $4,525 area, or a fresh all-time peak, though the downside remains limited amid a bullish fundamental backdrop. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Shiba Inu's bears tighten grip, aiming for yearly lows

Shiba Inu price remains under pressure, trading below $0.000070 on Wednesday as bearish momentum continues to dominate the broader crypto market. On-chain and derivatives data further support the bearish sentiment, while technical analysis suggests a deeper correction targeting the yearly lows.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Stellar Price Forecast: XLM slips below $0.22 as bearish momentum builds

Stellar (XLM) price is trading below $0.22 at the time of writing on Wednesday after failing to close above the key resistance earlier this week. Bearish momentum continues to strengthen, with open interest falling and short bets rising.