BREAKING: UK labour market data much weaker than expected 🚩GBP losses

UK unemployment rate came in at 5% vs 4.9% exp. and 4.8% previously

Unemployment change came in at 29k vs 20.3k exp. and 25.8k previously

Employment change (SA) came in at -32k vs 3k exp. and 1k previously

Employment change 3M/3M came in at -22k vs 5k exp. and 91k previously

Average Weekly Earnings came in at 4.8% YoY vs 5% exp. and 5% previously (Ex-Bonus at 4.6% YoY vs 4.6% exp. and 4.7% previously)

GBPUSD

The GBPUSD pair reacted with the decline to much weaker than expected labour market data from the United Kingdom, signalling dovishly that much more monetary easing from BoE is definitely on the table. Traders add to BoE rate cut bets, pricing 20 bps easing in December.

11 November 2025, 11:01

BREAKING: US NFIB Business Optimism Index slightly weaker than expected🗽

11 November 2025, 10:07

BREAKING: German ZEW Economic Sentiment much weaker than expected

11 November 2025, 08:33

Economic calendar: Germany's ZEW reading and US NFIB index in focus

11 November 2025, 07:44

Morning wrap (11.11.2025)

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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BREAKING: UK labour market data much weaker than expected 🚩GBP losses

GBPUSD

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