The UK unemployment report came out negative, thus repeating the dynamics of the previous three months. 28 000 more British citizen lost their jobs, thus increasing the UK army of the unemployed up to 2 670 000.
The British government will now have to take into account all the budget cuts while an increase in unemployment benefits will make it more difficult to implement the planned austerity measures.
FOREX.
According to the Department of Masterforex-V Trading System , GBPUSD is still moving in a mid-term price range (it is now forming wave В(С) of wave level Н3). A break below 1.5657 will continue the downtrend in the form of wave А/В. The closest levels of support are 1.5620 and 1.5601. A break above 1.5746 will start a rally – wave A/B of a bigger-scale timeframe.
