The GBPUSD exchange rate is set to be influenced by UK jobs numbers released on Tuesday, with unemployment still high.
GBPUSD – Daily Chart
The price of GBP/USD has found resistance near 1.3700, and the chart looks similar to other dollar crosses. The 1.3500 level is support in the event of any weakness.
The UK unemployment rate is tipped to remain at the 5.1% level as average earnings are predicted to show a dip to 3.2% growth from 3.5%. The number will be released at 2:00 pm HKT.
Britain’s economy was weak again in the final quarter of 2025, with activity worse than initial estimates ahead of finance minister Rachel Reeves’ budget, official figures showed. GDP growth barely moved at 0.1% in the October-to-December period, which was the same slow pace as in the third quarter, the ONS said.
Economists polled by Reuters, alongside the Bank of England, had forecast 0.2% fourth-quarter growth compared with the previous three months.
The British pound has remained strong despite recent political turmoil, after Prime Minister Keir Starmer saw senior allies quit his government.
Looking further ahead, the UK could lose up to 3 million jobs in lower-skilled areas such as sales, customer service, and administration by 2035, according to new research.
Lower-skilled roles have been disappearing faster than the NFER had previously predicted. Employment in sales and customer service occupations has dropped by more than 10% since 2021, while employment in plant and machine operation is down by 5%.
Jude Hillary, NFER’s co-head of policy and practice, said it was “highly likely” that one reason for the rapid change was “the increased scope and scale of what AI can do”. Outsourcing may also be a factor, he added, and the pandemic might have tilted demand away from customer facing roles.
