UK Unemployment Rate Falls to 4.9%, Below Forecast
The UK ILO unemployment rate dropped to 4.9% in the three months to April, down from 5.0% previously and below market consensus.
GBPUSD
The Office for National Statistics (ONS) reported on Thursday that the UK ILO unemployment rate fell to 4.9% in the three months to April, compared to the previous reading of 5.0%. The figure came in below the market consensus.
Labor market data is a key input for the Bank of England's policy decisions, and the improvement may be positive for the British Pound. Currency traders often watch such releases for clues on the interest rate outlook.
Source: FXStreet Forex News