Breaking News: Sterling rises to 1.3200 after the UK labor market report surprises on the upside

• The UK unemployment rate remains at 4.0% in three months to August.
• The UK regular pay rises 3.1% y/y exceeding the market expectations.
• The UK claimant count rises 18.5K in September, missing the market etimates of 10.0K.
• Sterling rises above 1.3200 after the UK labor market data.

Sterling rosel towards 1.3200 in a knee-jerk reaction to the UK labor market report saw better than expected wage growth data in September.