Tomorrow, Wednesday 09-16-09 at 4:30 AM ET, the GBP Claimant Count Change and ILO Unemployment Rate will be released.
These two reports will be released with three other economic news reports – GBP Jobless Claims Change, GBP Manufacturing Unit Wage Cost (3MoY), and GBP Average Earnings inc bonus (3MoY)
The last time these two were released was on Wednesday, 08-12-09 at 4:30 AM ET . Click here to check out the “preview” and click here for the “follow up”.
Both of these reports are released by the U.K.s National Statistics on a monthly basis.
They were also released on Wednesday 07-15-09 at 4:30 AM ET.
You can see what had transpired on the last months release by checking out the “follow up” link above.
Here is the set up for this month:
GBP Claimant Count Change stats:
previous = 24.9K
forecast = 24.6K
GBP ILO Unemployment Rate stats:
previous = 7.8%
forecast = 8.0%
The “economists” believe that the Claimant Count Change will improve and be an improvement for the GBP economy, but, they believe that the Unemployment Rate will increase – therefore these two reports appear to be in conflict.
I will be watching the currency pair GBP/JPY – check last months “follow up” post to see why – click here.
In the past, before the current world economic situation, the Claimant Count Change had a greater influence on the FOREX market, but now it appears that the Unemployment rate is getting stronger.
I will be keeping an eye on both the Claimant Count change and the Unemployment Rate, but mostly the Unemployment Rate – if there is a difference of 0.1% to 0.2%, chances are I will trade the GBP/JPY currency pair – hopefully they both come out without any conflict.
I will post a “follow up” of this report soon after.
Stay tuned!
