The number of people claiming unemployment fell by 6,300 in November from +5,900 (revised from +12,900) in October versus expectations of +13,300. This was the first drop in the claimant count since Feb 2008 a sign that the labour situation in the UK is improving.
Average earning in the 3 months to Oct 2009 +1.5 % versus expectations of +1.2 %. October alone +1.6 % y/y
Cable on the positive news climbing to 1.6300