Mixed Performance by the Pound After Weaker Job Data

Mixed Performance by the Pound After Weaker Job Data

Source: EODHD - https://finance.yahoo.com/news/mixed-performance-pound-weaker-job-160427727.html
Published: Jan 23, 2026 11:04 AM

In the aftermath of a generally weaker job report for November-December and higher inflation in Britain, the pound has gained against the dollar and yen while declining somewhat against most other major currencies. Traders continue to price in about two cuts by the Bank of England (‘the BoE’) in 2026. This article summarises recent major data from Britain, then looks briefly at the charts of EURGBP and GBPJPY. The British job report for November-December came out on Tuesday, 20 January, with mostly negative numbers; HMRC payroll change in particular reached its lowest monthly figure in more than five years:United Kingdom HMRC Payrolls Change (Thousand) bar chart. Payroll change in itself was...

Market context: This update is relevant to EUR traders, with EURGBP as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.