GBP/JPY may regain its ground as the BoJ is widely expected to avoid a rate hike on Thursday. BoJ policymakers appear reluctant to tighten monetary policy further. The Pound Sterling remains subdued ahead of UK employment figures. However, the downside of the GBP/JPY cross would be limited as the Japanese Yen may depreciate amid the rising likelihood that the Bank of Japan may avoid an interest rate hike on Thursday.
Usually, a rise in the indicator has negative implications for consumer spending and economic growth. Generally, a high reading is seen as bearish for the Pound Sterling , while a low reading is seen as bullish. Read more. Next release: Tue Dec 17, 2024 07:00 Frequency: Monthly Consensus: 28.2K Previous: 26.7K Source: Office for National Statistics Why it matters to traders? The change in the number of those claiming jobless benefits is an early gauge of the UK’s labor market.