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October 2015

UK ILO Unemployment rates drops

Published: Wednesday 14 October 2015

It’s been a volatile morning in FX space. UK employment data released at 09:30 this morning was overall positive, as the International Labour Organization (ILO) unemployment rates came in at 5.4 slightly better than the expected 5.5.

Eurozone industrial production year-on-year was poor, coming in at 0.9% compared to 1.8% expected. This pushed GBPEUR back above 1.34 and continued to settle around 1.3460.

The focus was indeed US retail sales, which came in at -0.3% compared to -0.1% expected. The USD as a result sold off and EURUSD has pushed back to the 1.1450 handle which hasn’t been seen for over a month.
Focus tonight will Australia employment data and then US inflation tomorrow.