U.K. Pound Strengthens 0.2% to $1.5874 After Unemployment Report

The pound rose against the dollar and maintained an advance versus the euro after a report showed U.K. jobless claims unexpectedly fell in December to the lowest level since June 2011.

Sterling gained 0.2 percent to $1.5874 at 9:43 a.m. London time. The U.K. currency appreciated 0.1 percent to 84.03 pence per euro.

Minutes also showed Bank of England policy makers voted 8-1 to keep their bond-purchase plan unchanged at 375 billion pounds this month.

U.K. 10-year government bonds were little changed, leaving the yield at 2.03 percent.

To contact the reporter on this story: Neal Armstrong in London at narmstrong8@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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