UK Unemployment Rate eases to 4.1% in quarter to July, as expected
Source Fxstreet
- The UK Unemployment Rate edged lower to 4.1% in three months to July.
- The Claimant Count Change for Britain came in at 23.7K in August.
- GBP/USD picks up fresh bids toward 1.3100 after mixed UK employment data.
The United Kingdom’s (UK) ILO Unemployment Rate eased to 4.1% in the three months to July, following June’s 4.2% print, the data published by the Office for National Statistics (ONS) showed on Tuesday. Markets expected a reading of 4.1% in the reported period.
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Spot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.
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