The UK unemployment report held no surprises. UK October jobless claims increased by 36.5k, pretty much in line with the market median forecast of +40k. The October claimant count rate came in at 3%, exactly as expected. The September ILO unemployment rate ticked up to 5.8% from 5.7% as expected, and September average earnings at 3.6% (exc bonus) and 3.3% (inc bonus) were also as expected. Cable sits effectively unchanged post release at 1.5365.