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The number of people claiming unemployment benefit in Britain unexpectedly fell in July despite the shock decision by voters to leave the European Union, suggesting little immediate impact from Brexit on the labor market.Benefit claimants fell by 8,600 in the month, compared with an increase of 900 in June, and there was only a small fall in the number of jobs employers were trying to fill, the Office for National Statistics said on Wednesday.


Economists taking part in a Reuters poll had expected the number of claimants - a potential early warning sign of an economic downturn - to rise by 9,500 as employers responded to the uncertainty caused by the referendum.The figures represented the first official measure of the labor market since the June 23 vote. The ONS data also showed the pace of job creation remained strong in the run-up to the referendum.

Sterling is currently being traded around 1.30 handle. Pair is likely to find support around 1.2950 and resistance above 1.3050 handle.

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