Data on employment in the UK

The report on employment in the UK was very negative, despite the expectation of the employment growth. The overall employment rate in the UK remains at the 1975 level at around 4.3%, but the number of applications for unemployment benefits continues to be very high. More information on employment in the UK can be found in the News Feed.

Despite the restraint of trading due to the expectation of data on the US, the British pound accelerated the decline against the main competitors due to the weak employment statistics. The British currency is under pressure of the expected news, which may increase pressure on the pound.

Fig. GBP/USD. The current price is 1.3340.

Hanzenko Anton