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US: Initial Jobless Claims stood at 232,000 in October 18 week

According to the report published on the US Department of Labor's (DOL) website, there were 232,000 Initial Jobless Claims in the week ended October 18.

Further details of the report showed that Continuing Jobless Claims rose to 1.957 million in the same period. The last weekly data published by the DOL before the government shutdown had shown that there were 1.916 million Continuing Jobless Claims in the week ended September 13.

Market reaction

These figures don't seem to be having a significant impact on the US Dollar's (USD) valuation. At the time of press, the USD Index was virtually unchanged on the day at 99.48.

GBP/USD holds near 1.3160 as traders wait for NFP and UK CPI

The Pound Sterling is steady on Tuesday as traders shift worried about the economic outlook in the US and market participants eyeing crucial NVIDIA earnings for Q3, keeping US equity markets in the red. The GBP/USD trades at 1.3156 virtually unchanged.
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BoE’s Pill: Policymakers should be cautious

Bank of England (BoE) Chief Economist Huw Pill spoke at an interview with Reuters in the Bank of England in London on Tuesday.
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