14.10.2015 - Unemployment rate in the United Kingdom has fallen to 5.4%
The price of the British pound today showed a sharp increase, and leveled the recent decline caused by the message about the deflation of 0.1% in September. The reason for the optimism of investors today was the data on reduced unemployment rate by 0.1% to 5.4%. This figure was a minimum in the second quarter of 2008 and is a strong stimulus for the growth of the British currency. The number of applications for unemployment benefits increased by 4.6 thousand against the expected decline of 2.3 thousand. Our medium-term outlook remains negative for the pound, but rising to 1.5460 and 1.5500 is very likely in the coming days.