UK employment data »

  • The British pound is poised to gain considerable traction Wednesday with the release of UK employment and earnings data. The pound’s most recent run stopped short of 1.70 US. Since then, the GBPUSD pair has backtracked somewhat as the markets continue to trade cautiously ahead of important events. Tomorrow’s data could show UK jobless claims

  • Forex » British pound soars on job data, BOE report
    November 14, 2013, 07:22 GMT

    The British pound rebounded strongly, gaining more than 100 pips against its US counterpart, after UK employment data shifted the Bank of England’s forward guidance on interest rates. Claims for unemployment benefits in the UK fell 41,700, more than the 35,000 forecasted by economists. Employers added 177,000 payrolls between July and September, shifting the employment