FXstreet.com (Barcelona) - The seasonally adjusted jobless claimants volume increased by 24,000 persons in the UK in July, somewhat above the 20,000 rise foretasted by market analysts, although the unemployment rate remained steady at 9.4%.

U.K. employment data shows that British economy continues destroying employment despite signs of incipient recovery seen during the last weeks; The ILO unemployment rate has risen to 7.8% in the three months tio June, the highest level since 1996.

GBP/USD has not been negatively affected by the increase on jobless claims, an the pair has continued its mild recovery from two-week low at 1.6390, reaching 1.6450, minutes after employment data was released.

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