|

UK Unemployment Rate ticks up to 4.5% in the quarter to March, as expected

  • The UK Unemployment Rate rose to 4.5% in three months to March.
  • The Claimant Count Change for Britain came in at 5.2K in April.
  • GBP/USD holds gains near 1.3200 after mixed UK employment data.

The United Kingdom’s (UK) ILO Unemployment Rate edged higher to 4.5% in the three months to March after reporting 4.4% in the quarter to February, data published by the Office for National Statistics (ONS) showed on Tuesday. The market forecast was for a 4.5% reading in the reported period.

Additional details of the report showed that the number of people claiming jobless benefits increased by 5.2K in April, compared with a revised decline of 16.9K in March, bettering the expected 22.3K readout.

The Employment Change data came in at 112K in March versus 206K in February.

Meanwhile, Average Earnings, excluding Bonus, in the UK rose 5.6% three months year-over-year (3M YoY) in March versus a 5.9% growth booked previously. Markets expected a 5.7% print.

Another measure of wage inflation, Average Earnings, including Bonus, advanced 5.5% in the same period after accelerating by a revised 5.7% in the quarter through February. The data surpassed the estimate of 5.2%.

GBP/USD reaction to the UK employment report

GBP/USD holds gains following the release of the UK employment data. The pair is trading 0.16% higher on the day at 1.3195, 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 US Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD-0.20%-0.16%-0.41%-0.06%-0.59%-0.60%-0.27%
EUR0.20%0.04%-0.21%0.14%-0.39%-0.38%-0.04%
GBP0.16%-0.04%-0.23%0.10%-0.42%-0.44%-0.08%
JPY0.41%0.21%0.23%0.36%-0.18%-0.21%0.19%
CAD0.06%-0.14%-0.10%-0.36%-0.62%-0.54%-0.20%
AUD0.59%0.39%0.42%0.18%0.62%0.00%0.35%
NZD0.60%0.38%0.44%0.21%0.54%-0.00%0.35%
CHF0.27%0.04%0.08%-0.19%0.20%-0.35%-0.35%

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 retreats toward 1.1700 on modest USD recovery

EUR/USD stays under mild bearish pressure and trades below 1.1750 on Friday. Although trading conditions remain thin following the New Year holiday and ahead of the weekend, the modest recovery seen in the US Dollar causes the pair to edge lower. The economic calendar will not feature any high-impact data releases.

GBP/USD struggles to gain traction, stabilizes near 1.3450

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades marginally lower on the day at around 1.3450 as market participants remain in holiday mood.

Gold climbs toward $4,400 following deep correction

Gold advances toward $4,400 and gains more than 1.5% on the day after suffering heavy losses amid profit-taking heading into the end of the year. Growing expectations for a dovish Fed policy and persistent geopolitical risks seem to be helping XAU/USD stretch higher.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

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.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).