The U.K. labor force survey results are due out at 4:30 am ET. The number of people claiming unemployment benefits is expected to remain flat. The jobless rate for three months to September is seen at 7.9 percent.
The pound showed mixed trading against its major rivals ahead of the report. While the sterling held steady versus the US dollar, it edged lower against the euro and the Swiss franc. The pound rallied against the yen due to across the board weakening of the latter.
As of 4:25 am ET, British sterling was trading at 1.5030 against the Swiss franc, 127.11 against the yen, 0.8015 against the euro and 1.5890 against the US dollar.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.