UK jobless claims much better than expected
UK February jobless claims have come in at -32,500, much better than median forecast of +8,000. Biggest fall since November 1997. Claimant rate 4.9%, better than median forecast 5%.
Cable has put on quick half a cent, presently at 1.5275.
ILO jobless rate 3 months to January 7.8%, better than median forecast 7.9%

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Interesting to see actual employment fall 54,000 in the three months til January leaving employment at its lowest level since Jan 2006. Not the greatest figures if you ask me.
Hi Mark. I agree. Extent of cable/sterling rally reflective of how short market probably was. big move on little fundamentally changing.