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UK wages slow down in April

Economies.com
2025-06-10 09:01AM UTC

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 miss estimates in May

Economies.com
2025-06-10 08:59AM UTC

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 rises for second straight month

Economies.com
2025-06-10 08:56AM UTC

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. 

Sterling declines before UK labor data

Economies.com
2025-06-10 05:01AM UTC

Sterling fell in European trade on Tuesday against a basket of major rivals, resuming losses against the dollar and backing away from a three-year peak on profit-taking. 

 

The US dollar gained ground amid progress in US-China trade talks with negotiations extended for another day in London.

 

The Bank of England is facing divisions on monetary policy easing, hurting the odds of a rate cut in June, with traders awaiting fresh UK labor data this week to gather more clues.

 

The Price

 

GBP/USD fell 0.25% to $1.3520, with a session-high at $1.3564.

 

The pound rose 0.2% on Monday against the dollar after a 0.35% drop on Friday on profit-taking away from a three-year high at $1.3617.

 

US Dollar

 

The US dollar rose 0.25% on Tuesday and approached a two-week high against a basket of major rivals.

 

It comes amid concerns about an economic slowdown in the US and China receded with both sides conducting important talks in London for a second day.

 

UK Rates

 

The recent vote in the BOE showed a clear division between members on the path ahead for interest rates, with current odds of a 0.25% rate cut in June settling below 30%.

 

Now traders await important UK jobless claims, unemployment, and wages data for April to gather more clues.

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3656 (2025-07-02 21:55PM UTC)
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