The British Pound dropped as claim account in GB came in weaker than expected. The number of unemployment with 15.500 in June is much worse than expected (consensus: +10.000). It is the worst fall since December 1992. ILO-unemployment was down in May to 5,2% (expected 5,3%). Average earnings in May including bonus was 3,8% and more than expected. The British economy is cooled down by surging inflation pressure. The British Pound quoted against the American Dollar at low at $2,0039 and landed just on the 38,2% Fibonacci correction level of November/January low at $2,0035. The support line is at 2,0025 of April high. GBPUSD junped up to $2.0155 mark, then a little recovered to the 23.60% Fibonacci correction level. There is a strong resistance zone at $2,0150-90. Above this zone a resistance line at 2,0240 stands before upside movement of the currency pair. A break of this line confirm bullish trend of the British currency.
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