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Related tickers and likely impact
GBP/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 1.33040 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- UK unemployment falls to lowest in a year but vacancies slide further
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UK unemployment fell to 4.7% in the three months to August, down from 4.9% in the three months to July and its lowest since the three months to July 2025, against most economists' expectations of a rise to 5%, according to the Office for National Statistics (ONS). Wage growth rose to 3.7% (0.8% after inflation), though total pay including bonuses eased to its lowest in nearly six years. Vacancies fell by 21,000 to 691,000 in the three months to September, their lowest in more than five years, as smaller businesses cited higher labour costs from National Insurance rises, the minimum wage and energy prices since the Iran war, with construction seeing the biggest drop. Ben Harrison of the Work Foundation at Lancaster University warned the government should not be complacent before next week's Budget, noting 715,000 young people aged 16–24 are unemployed, down 28,000 on the quarter but 54,000 higher than a year earlier.
- UK unemployment falls to lowest in a year but vacancies slide further
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The minutes of the FOMC meeting released October 7 show Kevin Warsh and fellow policymakers planning another rate hike in 2026, as September CPI rose 3.7% year over year. The article suggests the Fed may raise rates by a quarter point or possibly half a point before year-end, with the remaining meetings on October 28 and December 9. Higher rates have historically weighed on stocks in the short run, as in 2022 when the S&P 500 fell about 19% and the Nasdaq-100 about 33%, but the author sees current adjustments as smaller and says long-term investors should not panic. Citing Vanguard research, the article notes rates may need to rise at least a percentage point before the stock market suffers significant negative effects.
- UK jobless rate falls but shrinking vacancies a bitter blow to jobseekers
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