Sterling rises after U.K. jobless claims drop more than predicted

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Source: Bloomberg
© Scanpix\AFP
The Sterling advanced for the second day against the 17-nation currency, touching the highest level in over three weeks, as data indicated U.K. jobless claims declined more than economists predicted in May. The Pound appreciated versus most of its 16 major counterparts after unemployment fell more-than-expected in April. The U.K. currency climbed 0.1% to 1.5661 against the U.S. Dollar. And rose 0.3% to 84.82 versus the Euro.
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