Report for Jobless Claims in the United Kingdom for July disappoint today as 24,500 people claimed for unemployment related benefits during the previous month; July's unemployment change was even larger than June's unemployment change of 22,500.
Expectations for July's jobless claims were forecasted at 15,100 by economists. Unemployment Rate remains steday at 7.7%.
Total pay including the bonuses rose by 2.3% from 2.0% pm a year earlier, as reported by the office for National Statistics.
Sterling begun trading lower after the news release. GBP/USD fell down by around 40 pips shortly after the report, to trade at 1.59. The pair made a recovery later on to trade at 1.5960
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