The Great Britain pound edged higher today after employment data pleasantly surprised traders, adding to signs of sustainable recovery in the UK economy that has suffered from a period of recession previously.
Claims for unemployment benefits fell by 41,700 in August from June. Analysts have predicted a drop by 24,300. The unemployment rate stayed at 7.7 percent. Today’s report followed yesterday’s positive data about growth of consumer and house prices.
GBP/USD rose from 1.5994 to 1.6037 and GBP/JPY advanced from 156.96 to 157.68 as of 11:31 GMT today.
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