GBP/USD Little Higher, U.K. Unemployment Rate Improves

GBP/USD is trading at 1.2456, up 0.0007. The pair is trading rangebound and a little above the session lows. The U.K. Office for National Statistics (ONS) reported that U.K unemployment fell to 4.8 percent in the three months to September versus 4.9 percent during the three months to August. Average Earnings including bonuses were up 2.3 percent. The number of people claiming unemployment benefits during October (Claimant Count) rose by 9800 versus a rise of 5600 in September.