Trade Desk Thoughts - U.K. Claimant Count Change

U.K. Claimant Count Change Actual 31.8K, Expected 35.5K, Previous 35.7K (revised from 32.5K)

Release Explanation: Measures the number of jobs created, or the percentage of employed/unemployed in the labor market. It is 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 939,900 persons on the claimant count in September, up 31,800 from one month earlier. The previous released number was revised higher, from 32,500 to 35,700 persons.

Forex Technical Reaction: The pound rose 15 pips at the time of the release, and is now trading just under the neutral pivot point (1.7470). Against the euro, the pound gained today 40 pips

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