The UK published employment data and it was quite mixed. The more recent data is better than the older figures.
GBP/USD rose before the release and after a short dip, it is now on the rise again.
: the good news is that jobless claims, Claimant Count Change, fell by a 15K. This is a really big fall and far better than a small rise of 0.1K that was expected. This figure is for August.
GBP USD Breaks Higher on Fall in UK Jobless Claims – Click image to enlarge
The bad news is that the unemployment rate for July rose to 8.1%, worse than no change at 8% that was predicted.
These figures aren’t expected to move the Bank of England in its next decision in October.
GBP/USD also enjoyed the German court ruling, that approved the ESM. Despite the conditions, the court paved the way for usage of bailout funds and also ECB funds.
