Unemployment Rates Beat Expectations In The United Kingdom

Daily Forex Fundamentals | Written by ecPulse.com | Nov 11 09 10:01 GMT |

A major economic day in the United Kingdom as the highlight of today is on the labour market conditions and the November Inflationary Report, in which the report focuses on the economic health and inflation expectations in the medium and long term and will help the Bank of England determine upcoming decision for APF program. First on our calendars is the claimant count rate for October in which it came in at 5.1% which is inline with the expected reading and higher than the previous 5.0% while jobless claims change for the same time period fell to 12.9 thousand from the revised 20.6 from 20.8 thousand which is better than the projected 20.0 thousand. The lower Britons claiming for jobless benefits helped drag down unemployment rates to 7.8% better than both the forecasted 8.0% and inline with the revised prior reading of 7.8% from 7.9%. Also released was average earnings including bonus for the three months ending in September at 1.2% lower than the prior and expected readings of 1.6% and 1.4% respectively while excluding bonuses was inline with projections at 1.8% and worse than the previous reading of 1.9 percent. Ecpulse disclaimer: The content of ecPulse.com and any page in the website contain information for investors/traders and is not a recommendation to buy or sell currencies, stocks, gold, silver & energies, nor an offer to buy or sell currencies, stocks, gold, silver & energies. The information provided reflects the writers' opinions that deemed reliable but is not guaranteed as to accuracy or completeness. ecPulse is not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trades currencies, stocks, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, stocks gold, silver &energies presented should be considered speculative with a high degree of volatility and risk