GBP/JPY has profits around 199.00 after employment data in Great Britain

GBP/JPY remains stronger after the release of mixed British work on Thursday.
The unemployment rate in Great Britain increased to 4.7%, while employment increased by 134,000 in three months to May.
The Japanese balance of goods trade showed a surplus of 153.1 billion JPA in June, against the expected 353.9 billion surplus JPA.

GBP/JPY resigns from the last losses registered in the previous session, trading around 199.00 in the early European hours on Thursday. The currency cross remains stronger despite mixed employment data from Great Britain (Great Britain).

Unemployment in Great Britain increased to 4.7% in three months to May, compared to market expectations related to remaining at 4.6%. Meanwhile, the change of employment brought 134 thousand. In April 89k. The change in the number of reasons has shown that the number of people applying for unemployment benefits increased in June by 25.9 thousand, compared to a changed escalate by 15.3 thousand. In May, above the expected number 17.9 thousand

The GBP/JPY Cross also attracts support when the Japanese Jen (JPy) struggles with disappointing commercial numbers that fueled concerns about the potential technical recession. Meanwhile, investors observe a potential fiscal stimulus before elections in the upper room of July 20, among speculation on increased government expenditure and a possible reduction in consumer tax to support economic growth.

The Japanese commercial balance of goods summed up a commercial surplus of 153.1 billion JPA in June, after a deficit of 638.6 billion JPA in May and much below market expectations in the amount of 353.9 billion surplus. Exports dropped by 0.5% year on year, compared to the previous decrease by 1.7%. Reading omitted forecasts worth 0.5%, which means a second monthly inheritance. Meanwhile, imports increased by 0.2%, which is recovered after the previous decline by 7.7% and better than the expected 1.6% decrease.

(This story was improved on July 17 at 08:00 GMT to say in the second missile that employment increased by 134,000, not employment).

Economic indicator

ILO unemployment rate (3m)

MOP unemployment rate issued by the Office of Great Britain for National statistics This is the number of unemployed employees divided by the total civil labor force. It is a leading indicator for the British economy. If the rate increases, it means no expansion on the British labor market. As a result, growth leads to the weakening of the British economy. Basically, a decrease in character is perceived as stubborn for a pound of Szterling (GBP), while growth is seen as bear.