Markets

Sterling rises on surprise fall in UK claimant count

Published Updated

Sterling rose around 30 pips to $1.6110 before easing to $1.6100, up around 0.2 percent on the day. The euro fell around 17 pips to a session low of 86.61 pence.

The Office for National Statistics said the number of people claiming jobless benefit fell by 10,200 last month, its biggest monthly drop since June.

Copyright Reuters, 2011