- The UK Unemployment Rate rose to 4.3% in three months to September.
- The Claimant Count Change for Britain arrived at 26.7K in September.
- GBP/USD remains pressured toward 1.2800 after mixed UK employment data.
The United Kingdom’s (UK) ILO Unemployment Rate ticked up to 4.3% in the three months to September, following 4.0% in August, the data published by the Office for National Statistics (ONS) showed on Tuesday. The market had expected a 4.1% reading in the reported period.
Additional details of the report showed that the number of people claiming jobless benefits climbed by 26.7K in October, compared with a revised gain of 10.1K in September, missing the expected 30.5K print.
The Employment Change data for September came in at 219K versus August’s 373K.
Meanwhile, Average Earnings, excluding Bonus, in the UK increased 4.8% 3M YoY in September versus a 4.9% raise in August. The market forecast was for a 4.7% growth.
Another measure of wage inflation, Average Earnings, including Bonus, rose 4.8% in the same period after accelerating by 3.9% in the quarter through August. The data beat the estimated 3.9% growth.
GBP/USD reaction to the UK employment report
GBP/USD inches further south in reaction to the mixed UK employment data. The pair is trading 0.42% lower on the day at 1.2814, 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 weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.21% | 0.40% | 0.09% | 0.18% | 0.28% | 0.09% | 0.17% | |
| EUR | -0.21% | 0.20% | -0.11% | -0.03% | 0.07% | -0.12% | -0.07% | |
| GBP | -0.40% | -0.20% | -0.30% | -0.22% | -0.12% | -0.33% | -0.27% | |
| JPY | -0.09% | 0.11% | 0.30% | 0.10% | 0.20% | 0.00% | 0.05% | |
| CAD | -0.18% | 0.03% | 0.22% | -0.10% | 0.10% | -0.09% | -0.04% | |
| AUD | -0.28% | -0.07% | 0.12% | -0.20% | -0.10% | -0.18% | -0.15% | |
| NZD | -0.09% | 0.12% | 0.33% | -0.01% | 0.09% | 0.18% | 0.04% | |
| CHF | -0.17% | 0.07% | 0.27% | -0.05% | 0.04% | 0.15% | -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 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).
Source: https://www.fxstreet.com/news/uk-unemployment-rate-rises-to-43-in-quarter-to-september-vs-41-expected-202411120701