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17 Dec 2014

UK Jobless Rate Remains Unchanged at 6%

Data just released indicated that the unemployment rate in the nation remained at 6% and domestic wage earnings improved more than expected for the three months ended October. Meanwhile, the minutes of the BoE’s latest policy meeting indicated that policymakers remained divided over the central bank’s current stance. However, Sterling showed little reaction to today’s domestic macro updates as investors remained focused on the outcome of the US Fed’s policy meeting scheduled later today. Although the central bank is expected to keep its stance unchanged, traders will eye the post-meeting policy statement for further direction. Across Europe, today’s first round of Presidential elections in Greece will keep Euro investors on their toes.