Pound jumps on strong earnings data and hawkish BoE minutes
Posted on June 17, 2015 at 10:25 am GMTThe unemployment rate in the UK was unchanged from the previous month in April at 5.5%, in line with estimates. The ILO based figure fell by 43,000 to 1.81 million in April, while the claimant count measure fell by 6,500 in May, giving a rate of 2.3%, slightly above estimates of 2.2%. Total employment in the UK rose by 114,000 to 31.1 million. What caught the markets off guard however, were the average earnings data, which showed acceleration in April. Average [..]