Latest data released by the ILO - 15 February 2018

  • Prior 9.7%; revised to 9.6%
  • Mainland unemployment rate 8.6% vs 9.4% prior; revised to 9.3%
  • Mainland unemployment change -205k vs 62k prior; revised to 66k

That's a major positive on French figures compared to expectations. The unemployment rate falls to the lowest since Q1 2009.

More optimism in the Eurozone, as labour market conditions continue to tighten. A minor data point, but serves as a sentiment indicator in general.

EUR/USD now at 1.2465, a little higher. EUR/GBP up to session highs of 0.8898, while EUR/JPY is now at 132.73.


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