21.01.2015 - The UK unemployment rate fell to 5.8%
The price of the British pound fell today after the publication of data on the labor market in the country and the results of voting of the Monetary Policy Committee of the Bank of England. Previously 2 of 9 members of the committee voted for the increase in interest rates, but changed their position amid falling inflation. Negative results of the vote could not be compensated by the positive news on unemployment reduction by 0.2% in November to 5.8%, and reduction in the number of unemployed by 29.7 thousand. In general, at the moment the British pound is under the pressure of the strong US dollar, weaker growth and falling euro. We expect price decline in the medium term.