Economies.com provides the latest News about the GBP/USD (British Pound Sterling/Dollar). You may find the News on a daily basis with an indication for the daily trend. You may also find live updates around the clock if any major changes occur in the currency pair.
The Bank of England voted to hold interest rates unchanged at below 4.5%, the lowest sincne March 2023, matching expectations.
UK GDP growth shrank 0.3% in April, missing estimates of a 0.1% dip, anc compared to March's 0.2% growth rate.
UK wages rose 5.3% in three months ending April, below estimates of 5.5%, and down from 5.6% in the previous reading.
UK jobless claims rose to 33.1 thousand in May, missing estimates of 9.5 thousand, and compared to April's 21.2 thousand drop.
UK unemployment rose to 4.6% in the three months ending April, the second increase in a row, up from 4.5% in the previous reading.