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

GBP/USD is trading at 1.2186, up 0.0030. The U.K. Office for National Statistics ( ONS) reported that U.K. unemployment improved to 4.7 percent during January from 4.8 percent in December. Earnings, excluding bonuses rose by 2.3 percent versus 2.6 on the previous report. The number of people on the claimant count fell by 11,300 in February versus drop of 41,400 in January.