The UK Claimant Count Change figure for April will test the employment market’s resilience – and the government’s furlough scheme. A figure that is better than the worst of the previous crisis would be positive for the pound, while other outcomes could be worse, FXStreet’s analyst Yohay Elam reports. Key quotes “Economists expect applications to have risen by 150,000, topping the financial crisis high of 138,600 recorded in February 2009.” “Any jump in claims between roughly 140,000 and 200,000 would be worse than the Great Financial Crisis peak but still at manageable levels. In that case, the cable will likely shake but remain within range.” “If headlines only shout ‘worst since the financial crisis’ – but not ‘worse than’ – it would be considered a beat, showing that the UK has its labor market under control and would boost the pound.” “If the UK labor market takes a bigger hit, with over 200,000 claims, it would already deal a blow to sterling, and show that the furlough scheme has its limits.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD spikes to session tops; bulls struggle to find acceptance above 1.2200 mark FX Street 2 years The UK Claimant Count Change figure for April will test the employment market's resilience – and the government's furlough scheme. A figure that is better than the worst of the previous crisis would be positive for the pound, while other outcomes could be worse, FXStreet’s analyst Yohay Elam reports. Key quotes “Economists expect applications to have risen by 150,000, topping the financial crisis high of 138,600 recorded in February 2009.” “Any jump in claims between roughly 140,000 and 200,000 would be worse than the Great Financial Crisis peak but still at manageable levels. In that case, the cable will likely… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
