Revival in the labor market in the UK - 17.10.2012
In terms of the foreign exchange market, the most expected statistics of the morning were the data from the UK labor market. According to the National Bureau of Statistics, Jobless Claims redu8ced by 4000 in September, fixing the indicator decline for the third month in a row. Unemployment level, calculated by the ILO method, fell by 0,2% to 7,9%. Both indicators turned out significantly better than it was expected, supporting the British pound in its further strengthening and further confident movement vs. US dollar.
Unemployment rate in the UK%
The GBP growth was occurred due to BOE minutes release, saying that the Monetary Policy Committee members voted unanimously to keep the current parameters of monetary policy unchanged. The key, in terms of determining the monetary policy will be of the Bank meeting in November.
Another important figure for today are data on the number of applications for new buildings in the United States: the indicator "took off" in September right away by 15% to 4-year high.