UK October jobless claims +10k

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Weaker than Reuter’s median forecast of flat.  Claimant count rate unchanged at 4.8%.

Ilo  unemployment falls 49,000 in 3 months to September. Rate 7.8%, slightly better than Reuter’s median forecast of 7.9%.

Bit of a mixed bag really.

Cable steady-ish at 1.5886.

Buy orders clustered 1.5850/60, 200 dma at 1.5851, sell stops below there.

Sell orders clustered 1.5900/10,  buy stops through 1.5915.



GBP/USD|UK economy

Gerry Davies


  1. The Pound showed again that is well manipulated currency.

  2. not half!


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