UK Macro Daily(Beta Mode)
UK Jobs Data in Focus
| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,944.47 | +0.26% |
| FTSE 100 | 10,235.29 | -0.04% |
| UK Natural Gas | 3.13 | +0.26% |
| 2 Year Gilt | 3.68 | +0 bps |
| 10 Year Gilt | 4.40 | +0 bps |
| GBP/USD | 1.338 | +0.04% |
| GBP/EUR | 1.15 | +0.08% |
| GBP/JPY | 211.52 | -0.32% |
| Brent Oil | 63.76 | -4.15% |
| Gold ($) | 4,616.30 | -0.22% |
| Bitcoin ($) | 95,256.62 | -0.26% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Headline Unemp Rate | 5.10 | 5 | 07:00 |
| Average Earnings incl. Bonus (3Mo/Yr) | 4.70 | 4.60 | 07:00 |
| Employ Change | -16,000 | - | 07:00 |
- UK unemployment data expected to show marginal improvement, with consensus at 5%, highlighting labor market resilience.
- Consumer confidence diverges by age, with under-50s optimistic post-election while over-50s remain pessimistic.
- Brent oil tumbled 4.15% amid oversupply concerns, a larger-than-normal decline driven by weak global demand and rising inventories.
Friday's Recap
UK economic data highlighted labor market stability, with no major releases from the previous business day.
Markets traded calmly, with FTSE 100 edging down 0.04% to 10235.29 amid absence of significant catalysts.
Gilt yields remained steady, with 2-year and 10-year issues unchanged at 3.68% and 4.40% respectively.
Sterling showed minor fluctuations, gaining 0.04% against USD to 1.338 and 0.08% versus EUR to 1.15.
Brent oil fell 4.15% to 63.76, a larger-than-normal decline attributed to oversupply and muted demand, pressuring energy stocks.
The Day Ahead
Headline unemployment rate at 07:00 is expected at 5%, down from 5.1%, potentially signaling labor market cooling.
Average earnings including bonus (3-month/yr) at 07:00 forecasted at 4.6%, versus 4.7% prior, to gauge wage pressures.
Employment change at 07:00 consensus is blank but follows -16,000 last time, offering insights into job growth.
Other Economic Notes
Consumer confidence diverges sharply by age, with under-50s soaring post-2024 election while over-50s plummet to Truss-era lows, reflecting political vibes over economic realities.
UK SMEs face growing pessimism, with only 38% optimistic about the economy, amid rising costs and uncertainty.
Trade shocks threaten 90,000 green jobs, exacerbating labor market pressures.
