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UK Unemployment Rate fell to 5.3%

Wednesday, Nov 11 2015
For October 2015 there were 795,500 people claiming unemployment related benefits. This was 3,300 more than for September 2015. Analysts were expecting increase by 1,600.  It was also139,100 fewer than for a year earlier, but 17,100 more than the pre-downturn trough of 778,400 for February 2008.
 The unemployment rate for those aged 16 and over for July to September 2015 was 5.3%. No change was anticipated. This was down from 5.6% for April to June 2015 and down from 6.0% for a year earlier, but slightly higher than the pre-downturn trough of 5.2% for late 2007 to early 2008.
 
Sterling is currently being traded around 1.5130 area. Pair is likely to find support around 1.5050 handle and resistance above 1.5170 level. There will be no major data releases in the rest of the session.
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