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UK Unemployment Data

Written November 11, 2009 at 4:36 AM EST by Vincent Facchino 

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UK Jobless Claims Change came in at 12,900, better than the 20,000 expected.

ILO Uneployment Rate came in at 7.8%, stronger than the 8.0% expected.

Average Earnings came in at 1.2%, slightly weaker than the 1.4% expected.

Overall good data for the pound as Gbp/Usd has made a new high of 1.6779. The pair currently trades at 1.6770, up about 30 pips pre-news.

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