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- UK: ILO Unemployment Rate declines to 4.3% in September vs. 4.4% expected
UK: ILO Unemployment Rate declines to 4.3% in September vs. 4.4% expected
- ILO Unemployment Rate in UK came in lower than expected for September.
- GBP/USD trades in the positive territory above 1.3430 after the data.
The data published by the UK's Office for National Statistics revealed on Monday that the ILO Unemployment Rate declined to 4.3% in September from 4.5% in August. This reading came in slightly better than the market expectation of 4.4%.
Further details of the report showed that the Claimant Count Rate edged lower to 5.1% in October from 5.2% and the Average Earnings Including Bonus rose by 5.8% in September, surpassing analysts' estimate of 5.6%.
Market reaction
The GBP/USD pair gained traction with the initial reaction and it was last seen rising 0.17% on the day at 1.3440.
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