UK labor market data showed further signs of softening, with payroll employment falling again in April while the unemployment rate edged higher in the three months to March. Payrolled employment declined by -10k or -0.3% mom in April, extending the annual drop to -210k or -0.7% yoy. Meanwhile, the unemployment rate rose from 4.9% to […]
The post UK Unemployment Rate Rises to 5.0% as Payroll Employment Continues to Decline appeared first on ActionForex.
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GBP/USD stays cautious below SMAs at 1.3420 as UK unemployment rate rises. Short-term bias is bearish; fresh sellers await below 1.3200. GBP/USD remains capped below its 50- and 200-day simple moving averages (SMAs) near 1.3420 Read more…
Sterling softened after the latest UK labor market data reinforced expectations that the Bank of England is likely to adopt a more patient near-term stance on interest rates. The sharp decline in payroll employment, rising Read more…