UK Unemployment Rate steadies at 4.7% in the quarter to June vs. 4.7% expected
- The UK Unemployment Rate arrived at 4.7% in three months to June.
- The Claimant Count Change for Britain stood at -6.2K in July.
- GBP/USD holds gains near 1.3440 after mixed UK employment data.
The United Kingdom’s (UK) ILO Unemployment steadied at 4.7% in the three months to June after reporting 4.7% in the quarter to May, data published by the Office for National Statistics (ONS) showed on Tuesday.
The data came in line the market consensus of 4.7%.
Additional details of the report showed that the number of people claiming jobless benefits decreased 6.2K in July, compared with a revised decrease of 15.5K in June, below the expected 20.8K figure.
The Employment Change data came in at 239K in June versus 134K in May.
Meanwhile, Average Earnings, excluding Bonus, in the UK increased 5.0% three months year-over-year (3M YoY) in June versus a 5.0% growth booked previously. The market forecast was for a 5.0% reading.
Another measure of wage inflation, Average Earnings, including Bonus, ticked up by 4.6% in the same period after a rise of 5.0% in the quarter through May. The data came in worse than the estimate of 4.7%.
GBP/USD reaction to the UK employment report
The Pound Sterling (GBP) attracts some buyers following the UK employment report. The pair is trading 0.05% higher on the day at 1.3440, as of writing.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | -0.03% | 0.15% | -0.03% | 0.17% | 0.00% | -0.18% | |
| EUR | -0.03% | -0.04% | 0.12% | -0.03% | 0.18% | 0.00% | -0.17% | |
| GBP | 0.03% | 0.04% | 0.28% | 0.02% | 0.23% | 0.07% | -0.13% | |
| JPY | -0.15% | -0.12% | -0.28% | -0.16% | 0.01% | -0.14% | -0.22% | |
| CAD | 0.03% | 0.03% | -0.02% | 0.16% | 0.23% | 0.03% | -0.15% | |
| AUD | -0.17% | -0.18% | -0.23% | -0.01% | -0.23% | -0.18% | -0.33% | |
| NZD | -0.01% | -0.00% | -0.07% | 0.14% | -0.03% | 0.18% | -0.28% | |
| CHF | 0.18% | 0.17% | 0.13% | 0.22% | 0.15% | 0.33% | 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
Lallalit Srijandorn
FXStreet
Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.
