We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.

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.