Sterling mixed ahead of BoE Inflation Report

Wed Nov 11, 2009 10:05am GMT
 
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* Sterling gains vs weaker dollar, falls vs euro

* All eyes on BoE Inflation Report at 1030 GMT

* UK data shows unemployment rose less than forecast

* Sterling recoups Tuesday's losses after Fitch report

(Updates with UK labour data)

By Jessica Mortimer

LONDON, Nov 11 (Reuters) - Sterling rose against the dollar on Wednesday, helped by data showing UK unemployment rising by less than forecast, but it dipped versus the euro as investors awaited the Bank of England's latest quarterly Inflation Report.

The number claiming jobless benefit in Britain in October rose by 12,900, the smallest increase in 18 months and well below forecasts for a 20,000 rise, while the number of people in work rose for the first time in more than a year, the data showed. [ID:nONS004590]  Continued...

 

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