Unemployment fails to rally Pound

28 July, 2011


This morning’s UK unemployment figres up to 7.9% in the 3 months to April, up from 7.8% in the previous quarter.

Although the number of people claiming benefit fell slightly in May, the overall figures made for mixed reading and following a short boost there was little impact for the Pound.

Tomorrow’s public borrowing numbers are the next major UK economic figres, and the last before Tuesday’s emergency budget.