Mixed bag for unemployment

Unemployment figures this morning showed a drop of 88,000 in the 3 months to April, the biggest fall since 2000, with the jobless total now 2.43m.

However, the number of jobseekers’ allowance claimants rose by 19,600 to 1.4m, the biggest rise since July 2009.

Earnings growth also fell.

Given the mixed data, the Pound intially fell but has since recovered against the Euro, although is losing ground against the US Dollar. Call us at Currency Index for the latest live rates.