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.

Golden Coin Worth a Pound

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.