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U.K. Unemployment Rate remained unchanged in February

Wednesday, Mar 18 2015
Claimant count Change was down by 31,000 from January 2015, in line with market forecasts. This was down 380,500 from a year earlier,but 12,800 higher than the pre-downturn trough of 778,400 for February 2008. 
 
The unemployment rate for those aged 16 and over for the three months ending January 2015 was 5.7%, missing predictions on decrease to 5.6%. Comparing the three months ending January 2015 with a year earlier, pay for employees in Great Britain increased by 1.8% including bonuses and by 1.6% excluding bonuses. Analysts were anticipating 2.2% rise.
 
Due to this and BoE Meeting Minutes Sterling sharply fell and is currently being traded few points above 1.4660 level. Pair is likely to find support around 1.46 and resistance above 1.4750 area. Later today, in the US session, FOMC interest rate decision and the following statement are scheduled for a release.
More in this category: « Aussie at 0.76 handle in a steadier morning part of the session BoE Meeting Minutes showed deflation fears »

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