BREAKING: GBPUSD jumps to 1-week high after UK jobs data

7:03 AM 13 August 2024

UK jobs market report for June was released today at 7:00 am BST. Report was expected to show a weakish 3-month/3-month employment change as well as an up-tick in unemployment rate. Moreover, headline average weekly earnings growth was expected to slow considerably as well.

Actual report turned out to be a big positive surprise. 3-month/3-month employment change beat expectations massively and showed a 97k increase, while the unemployment rate unexpectedly dropped to 4.2%. Headline earnings growth slowed more than expected, while core earnings growth matched expectations.

GBP jumped following the release, with GBPUSD climbing to a 1-week high.

UK jobs market data for June

  • Employment change (3month/3month): +97k vs +3k expected (+19k previously)
  • Unemployment rate: 4.2% vs 4.5% expected (4.4% previously)
  • Average weekly earnings: 4.5% YoY vs 4.6% YoY expected (5.7% YoY previously)
  • Average weekly earnings (excluding bonuses): 5.4% YoY vs 5.4% YoY expected (5.7% YoY previously)

Source: xStation5

Share:
Back

Join over 1 400 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits