Investing.com UK - Financial Markets Worldwide
✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

U.K. unemployment rate holds steady at 6-year low of 5.5%

Published 17/06/2015, 09:31
U.K. jobless rate holds steady at 5.5%
GBP/USD
-
EUR/GBP
-
UK100
-
FCHI
-
DE40
-
STOXX50
-

Investing.com - The U.K.'s unemployment rate held steady at a six-year low in April, underlining optimism over the strength of the labor market, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said that the rate of unemployment was unchanged at 5.5% in the three months to April, in line with expectations.

The report also showed that the claimant count fell by a seasonally adjusted 6,500 in May, compared to expectations for a decline of 12,300 people. April’s figure was revised to a drop of 7,800 people from a previously reported decline of 12,600.

GBP/USD was trading at 1.5722 from around 1.5669 ahead of the release of the data, while EUR/GBP was at 0.7171 from 0.7198 earlier.

Meanwhile, European stock markets held on to modest losses. London’s FTSE 100 shed 0.1%, the EURO STOXX 50 dipped 0.1%, France's CAC 40 declined 0.25%, while Germany's DAX slumped 0.2%.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.