Decline of Unemployment Claims Bolsters Pound

The Great Britain pound gained today after the jobless claims in the UK unexpectedly declined and the concerns about the Irish debt crisis spreading to other countries of the European Union increased the demand for the relative safety of the UK currency.
The number of the unemployment claims in Britain fell by 3,700 from September to October. The expected reading was the growth by 5,100. The quarterly unemployment rate decreased by 0.1 percent from the previous quarter to 7.7 percent in September.
GBP/USD rose from 1.5884 to 1.5904 as of 14:45 GMT today. GBP/JPY went up from 132.33 to 132.47, following the rise to 132.96.

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