Claimant Count Change to be Unveiled by the UK

Claimant Count Change to be Unveiled by the UK

The Office for National Statistics will be disclosing the Claimant Count Change on Tuesday at 06:00 GMT. The market participants who are trading in the pound sterling will be carefully examining the changes in the values of the indicator, as it could impact the market. It is highly important economic news coming from the labour sector. Top economists are forecasting it to decline by 4.7 K. The indicator shows the change in the number of individuals who are claiming jobless benefits during a specific month.

When the Claimant Count Change was released on 12 Sept 2023 at 06:00 GMT, it was found to be 0.9 K instead of -6.0 K. If there is a rise in the figures, it is representing a weakness in the labour market and at the same time, it will have an unfavourable effect on the GDP quotes.

Speech from the ECB President

Christine Lagarde, the President of the European Central Bank will be giving a speech on Tuesday at 12:30 GMT. Since the official position of the ECB will be reflected by the speech delivered by her, the market analysts and participants who are trading in the euro quotes are suggested to make a note of the points included in the speech. Besides that, according to the upcoming easing or tightening of the future monetary policy, the rhetoric of Christine Lagarde will possibly comprise possible developments. They are most likely to have a short-term positive impact on the euro quotes. Anyhow, the speech delivered by the president of the central bank is considered as highly important economic news coming from the money sector of the market.