U.K. Claimant Count Change Actual 32.5K, Expected 22.2K, Previous 20.1K

Release Explanation: Measures the number of jobs created, or the percentage of employed/unemployed in the labor market. Very important that economic forecasts are based on the labor market. Economic strength builds from the willingness/confidence of firms to hire, without a strong labor market growth is hard to achieve.

Trade Desk Thoughts: The number of people seeking unemployment benefits rose steady in August. The report shows there were 904,900 persons on the claimant count in August, up 32,500 much more than what analyst had predicted.

Forex Technical Reaction: The pound fell 40 pips at the time of the release, and is now trading just under the neutral pivot point (1.7850).

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