UK unemployment rate came in at 5% vs 4.9% exp. and 4.8% previously
- Unemployment change came in at 29k vs 20.3k exp. and 25.8k previously
Employment change (SA) came in at -32k vs 3k exp. and 1k previously
- Employment change 3M/3M came in at -22k vs 5k exp. and 91k previously
Average Weekly Earnings came in at 4.8% YoY vs 5% exp. and 5% previously (Ex-Bonus at 4.6% YoY vs 4.6% exp. and 4.7% previously)
GBPUSD
The GBPUSD pair reacted with the decline to much weaker than expected labour market data from the United Kingdom, signalling dovishly that much more monetary easing from BoE is definitely on the table. Traders add to BoE rate cut bets, pricing 20 bps easing in December.
Economic Calendar: Global Data Focus Shifts to US and Canada,
Market Wrap: What does Trump's Beijing visit mean for the markets?
Economic Calendar: All eyes on US consumer 🇺🇸 (14.05.2026)
BREAKING: Pound rebounds 📈 UK GDP rises unexpectedly in March 🇬🇧
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
