The UK jobless claims fell by 56,900 in April, improving on the estimated decline of 38,800. In March, the indicator fell by 46,900. The reduction in unemployment requests is extended to fourteen consecutive months.
The ILO unemployment rate in the three months from January to March has fallen one tenth, from 3.8% in February to 3.7%one tenth lower than expected.
The salaries excluding bonuses have shown a rise of 4.2% in the January-March quarter, as expected, topping the previous 4.1% (figure further revised from 4%). IIncluding bonus, the salary increase has been greater, rising to 7% from the previous 5.6%, notably above the estimated 5.4%.
GBP/USD reaction
The GBP/USD has reacted to the data with a rise of close to 20 pips that has propelled it to fresh six-day highs at 1.2365. At time of writing, the pair is trading above 1.2352, gaining 0.27% daily.
Source: Fx Street
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