Pound Extends Advance Versus Euro After Jobless Claims Fall

The pound extended an advance against the euro after a report showed U.K. jobless claims fell more than economists forecast in May.

The pound gained 0.4 percent to 84.76 pence as of 9:34 a.m. London time, after touching 84.70 pence, the strongest since May 21. Sterling was 0.2 percent stronger at $1.5673.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.