Britainâs unemployment rate unexpected jumped from 7.7% to 7.9% in October. This is a retreat to previous levels â the drop to 7.7% wasnât expected two months ago. The more fresh figure, Claimant Count Change, which reflects the number of people claiming for unemployment benefits in November, dropped by 1200, slightly worse than a drop of 2700 that was expected.
GBP/USD is now trading at 1.5726, dropping from 1.5760 earlier. The pair is still in the same trading range. Minor support is a found around 1.5720. Much stronger support appears at 1.5650. Looking up, fresh optimism could send cable towards 1.5840, followed by 1.60.
http://www.forexcrunch.com/british-unemployment-rate-rises/
GBP/USD is now trading at 1.5726, dropping from 1.5760 earlier. The pair is still in the same trading range. Minor support is a found around 1.5720. Much stronger support appears at 1.5650. Looking up, fresh optimism could send cable towards 1.5840, followed by 1.60.
http://www.forexcrunch.com/british-unemployment-rate-rises/
