Mixed figures but Pound is up

28 July, 2011


This morning’s headline unemployment figure showed an increase to 8% – the highest since 1994 – but behind the figures there was a lower than expected number of UK citizens claiming unemployment benefit in March.

At the same time, average UK earnings figures were better than expected, so overall this morning there has been some support for sterling, with the mixed numbers being taken as positive overall for the UK economy.

With retail sales and public borrowing figures out tomorrow morning, today could present an opportunity for buying Euros, Dollars or whichever currency you need to send abroad, at a relatively good rate. Contact Currency Index for the latest live rates.