UK Unemployment Rate

Written March 17, 2010 at 5:39 AM EST by  

The GBP caught a bid after claimant count change came in at -32.3k for February; much better than its 8.2k forecast and 23.5k prior reading. This was the largest fall since November of 1997.  Also, the UK unemployment rate for February was 7.8%; unchanged from the prior month and in line with forecasts. Lastly, average earnings index 3m/y was slightly worse at 0.9% versus its survey of 1.7%. Sterling advanced nearly 100 pips against the USD and pushed the GBP/USD pair to a new session high of 1.5315 as well as gaining considerably against the rest of the majors.

No Responses to “UK Unemployment Rate”

Add a comment