Slight dip for GBP/USD as UK unemployment declines in line with consensus

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (London) - UK unemployment fell to 6.5 percent in May, according to ILO measures from the UK Office for National Statistics.



According to the ONS, the number of people in employment increased by 254k (to reach 30.64m) in the quarter to May while, the number of unemployed people fell by 121k (to reach 2.12m) and the number of people not in the labour force (economically inactive) aged from 16 to 64 fell by 67k (to reach 8.78m).



Pay including bonuses for employees in Great Britain for March to May 2014 was 0.3 percent higher year-on-year, with pay excluding bonuses 0.7 percent higher.



GBP/USD fell slightly on the results, which fell in line with consensus expectations and follow a long run of UK unemployment declines. GBP/USD is currently trading at 1.7136, down 0.03 percent on sideways trading.



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