The British Pound strengthened against the Greenback, following the UK Jobless Claims data release on Tuesday. The GBP/USD currency pair gained five pips, or 0.03%, to continue fluctuating in the 1.3425 area.
The Office for National Statistics released Unemployment Change data that came out better-than-expected of negative 7.7K, compared to 11.3K, and better than previous period of 31.2K.
Together with a line of the unemployment rate, the pair was positively affected by an unexpected drop in UK Jobless Claims change, which helped to balance a marginally weakly earning data.
Historical Data Table: GB Claimant Count Change | Economic Calendar for 12.06.2018 | ||||||||
Date | 21.02.2018 | 21.03.2018 | 17.04.2018 | 15.05.2018 | 13.06.2018 | 12:30 PM | US CPI m/m | ||
Actual | -7.2K | 9.2K | 11.6K | 31.2K | -7.7K | 12:30 PM | US Core CPI m/m | ||
Forecast | 2.3K | -3.1K | 13.3K | 13.3K | 11.3K | 5:01 PM | US 30-y Bond Auction | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
GBP/USD | 1.33964 | 1.34023 | 0.04% | GBP/USD | 64.35% | 35.65% | |||
EUR/GBP | 0.88025 | 0.88016 | -0.01% | EUR/GBP | 29.05% | 70.95% | |||
GBP/CAD | 1.74089 | 1.74207 | 0.07% | GBP/CAD | 69.15% | 30.85% | |||
GBP/JPY | 147.704 | 147.775 | 0.05% | GBP/JPY | 33.77% | 66.23% |