The pound jumped after a surprise in employment data
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Sterling jumped after the number of people claiming benefits rose more than expected in July.
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According to the Office for National Statistics, an additional 2,400 people claimed benefits for job seekers in July. Analysts expected a rise of 1,800, while the month before recorded a fall of 3,600.
Overall, the unemployment rate was 4.9%, down from 5.5% for a year earlier. The last time it was lower was for July to September 2005.
The pound is up 0.16% against the dollar at $1.3213 as of 9:36 a.m. UK time.
Here's the chart:
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