What is it? It check the change in the number of people claiming unemployment-related benefits during the previous month.
The number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
Usual Effect: If the number is smaller than the forecast, you can expect the GBP to rise.
When? October 15th at 4:30am Eastern Time.
Trading Tip: This announcement can greatly affect the GBP, make sure to make your trades before.
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