Pound Stays Higher Versus Euro As Jobless Claims Rise Less Than Predicted

The pound stayed higher against the euro after a report showed jobless claims rose at a slower pace than predicted in November.

Sterling was 0.2 percent stronger at 84.05 pence per euro at 9:34 a.m. London time. It was climbed 0.2 percent against the dollar, to $1.5515.

Jobless claims rose 3,000 in November and a revised 2,500 in October, the Office for National Statistics said today. Economists predicted 13,700.

Unemployment rose to a 17-year high 2.64 million in the three months to October, the ONS said.

To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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