The Great Britain pound went down today to the lowest level in six months versus the euro as the inflation grew less than forecast and the jobless claims rose, but recovered as unemployment rate unexpectedly fell. The currency also gained against the US dollar.
The UK consumer prices rose 4 percent in March, while they were expected to rise 4.4 percent â the same rate as in February. The number of people seeking jobless benefits grew by 700 in March, while it was expected to fall by 3,600. At the same time, the unemployment rate for the three months to February managed to drop from 8 percent to 7.8 percent.
EUR/GBP traded at 0.8901 as of 14:59 GMT today after it surged from 0.8903 to 0.8923, the highest level since October 25, 2010. GBP/USD advanced from 1.6255 to 1.6291.
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