UK jobless data worse than expected

Wednesday, 13 April 2011 03:51

UK jobless claims results were released this morning with an increase in jobless claims by 0.7K, worse than anticipated results; while predicted data was analyzed to be a decline around 3.5K.  This caused the British currency to slide lower against the Dollar to a low of 1.6252 , as well as the Euro with the Euro rising to about 0.8920, about 20 pips from the lowest price today.

GBP/USD is currently trading at 1.6271. While, EUR/GBP is trading 0.8904.