Jobless Claims in U.K up by 24,500
Report for Jobless Claims in the United Kingdom for July disappoint today as 24,500 people claimed for unemployment related benefits during the previous month; July's unemployment change was even larger than June's unemployment change of 22,500.
Expectations for July's jobless claims were forecasted at 15,100 by economists. Unemployment Rate remains steday at 7.7%.
Total pay including the bonuses rose by 2.3% from 2.0% pm a year earlier, as reported by the office for National Statistics.
Sterling begun trading lower after the news release. GBP/USD fell down by around 40 pips shortly after the report, to trade at 1.59. The pair made a recovery later on to trade at 1.5960
