FXstreet.com (Barcelona) - New claims for unemployment benefits have dropped in The uk at its largest extent since April 2007, while the ILO unemployment level declined for its first time in 18 months, suggesting that UK economy might be starting to create employment.

The volume of jobless claimants declined in December by 15,200, to 5.0% of the workforce, beating experts expectations of a 4,600 decline.

Besides, the ILO unemployment rate remained in the 7.8% in the September to November period, unchanged from the previous three months, with the number of unemployment people dropping by 7,000 to 2,46 million. This is the first decline in unemployment since the three months to May 2008, according to data by National Statistics.

The Pound has soared about 75 pips after the release of labour data, jumping from session low ar 1.6250 to 1.6325 at the time of writing.