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by ForexNewsNow Team on August 11, 2010

U.K. claimant count drops far less than expected

NEW YORK (Forex News Now) – The number of Britons claiming unemployment benefits fell by far less than expected in July, official data showed on Wednesday in one of the day’s spotlight FX news events.

Britain’s statistics bureau, National Statistics, said in a report that the claimant count dropped by 3,800 during the month, after a downwardly revised drop of 15,900 in June.

Analysts had expected a more substantial decline of 17,000 in June, two major forex news outlets reported.

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