The Unemployment claims in the UK increased by 10,100 during the month of March, a figure that significantly improves the 86,600 in February and the 24,500 requests expected by the market.
The ILO unemployment rate for the month of February has surprised with a reduction to 4.9% from the previous 5%, improving the estimated 5.1%. This is the lowest employment rate seen in the last four months, specifically since October, when it was also 4.9%.
Average earnings including bonuses rose 4.5% in the three months from December to February, down from 4.8% previously and forecasted. Excluding bonuses, the increase was 4.4%, surpassing the previous and estimated 4.2%.
GBP / USD reaction
The GBP / USD reached at the end of the Asian session its highest price in the last seven weeks at 1.4008. After the UK employment data, the pair has remained around this zone, although minutes later it has retreated below 1.4000, trading at the time of writing above 1.3992, gaining 0.05% daily.
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