U.K. Jobless Claims
U.K. is going to release jobless data around 0600 GMT/1130 IST. Markets anticipate jobless claims around 9.7K vs -28.1K previous release. If actual data comes less than 9.7K then it will be good for GBP. In addition, unemployment rate must be lower than 4.2 pct (expected) vs 3.9 pct previous release.
Let’s see how GBP has reacted during the previous data release:
GBP/USD: The pound trades almost flat ahead of U.K.’s job data. A sustained close above $1.3071 will drag the parity up towards $1.3102, $1.3141, $1.3185, $1.3212, $1.3257 and $1.3289 mark respectively. Key support levels are seen at $1.3048, $1.3009, $1.2950, $1.2838 and $1.2775 mark respectively.
Take a look and do trade wisely!