British Pound Soars on Better than Expected Jobless Claims Data!

By Sean Hyman | July 15, 2009
In recent months (since February, to be exact)…the unemployment claims for the U.K. economy have fallen quickly after February’s huge spike higher. There was an improved revision to the previous month’s data 30.8K and also a better number this time (23.8k) vs. 41.4K expected. The lower the number, the better…in the case of unemployment numbers.
You can see this visualized on the chart below. (Click on the chart to enlarge it). You’ll see that unemployment claims are headed in the right direction (south) and that’s good for their economy and the Pound!

Tags: blog, British, data, dollar, economy, forex, forextrading, GBP-USD, Hyman, lower, pound, Sean, Sean Hyman, time, U.K., unemployment

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