Sterling Trades Slightly Higher Ahead of U.K.’s Jobless Claims Data, 30+ PIP Volatility Likely in GBP Parity; June 14, 2022

U.K. Claimant Count Change & Unemployment Rate

Today U.K. has scheduled to release Jobless Claims data at 0600 GMT/1130 IST. It’s the first indication of the employment situation, released a month earlier than the Unemployment Rate. Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy.

Let’s see how GBP has reacted during the previous data release:

May 17:

April 12:

Technical View:


  • The sterling trades marginally higher on Tuesday and remains well supported above $1.2150 mark.
  • Today pair made intraday high at $1.2164 and low at $1.2121 mark.
  • A day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $1.2200 on H1 chart will check key resistances.
  • Alternatively, a consistent close below $1.2125 will check further supports.
$1.2105 $1.2200
$1.2082 $1.2226
$1.2055 $1.2252
$1.2024 $1.2276
$1.2001 $1.2304


Take a look and do trade wisely!
Good Luck