The pound sterling declines after a record rise in unemployment in the United Kingdom
Decreased The PoundSterling British government bond yields declined today, Tuesday, after data showed that the unemployment rate in the United Kingdom rose to its highest level in 5 years as wage growth slowed.
The British pound index declined against US dollar, recording a 0.2% decline to $1,359, after the UK wages and employment report showed the number of registered workers fell 0.4% year-on-year to 30.3 million workers in January 2026.
This represents a decrease of 134,000 employees since January 2025, and a decrease of 11,000 from the previous month.
Meanwhile, The unemployment rate rose to 5.2% in December, compared to 5.1% the previous month.
In a related context, British government bond yields fell, following the release of jobs data, as the 10-year British government bond yield fell by 3 points to 4.36%, while the 2-year British government bond yield fell by 2 points to 3.56%.
BoE futures now indicate the possibility of two cuts. Possible prices for Interestthis year, with a 75% chance of it being cut next month after unemployment figures are released.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
