UK jobs data missed forecasts

UK jobs data missed forecasts

Average earnings came at 2.1% in Mar vs 2.2% f/c; jobless claims 19.4K in Apr vs 7.5K f/c but still below upwards revised 33.5K in Mar.

Unemployment fell to 4.6% in Mar vs 4.7% f/c / Feb, hitting the lowest level in 42 years.

Sterling showed no significant reaction on jobs data, holding within 20-pips range after release.