A better week for Initial Claims

<h3>GBPUSD, H1</h3>
<p>US initial jobless claims dropped -75,000 to 712,000 in the week ended November 28, much larger than expected, after rising 39,000 to 787,000 (was 778,000) in the November 21 week. This week&#8217;s figure broke a string of two consecutive weekly increases in claims. The 4-week moving average fell to 739,500 from 750,750 (was 748,500). Initial claims not seasonally adjusted declined another -122,500 to 713,800 following the 86,900k increase to 836,300 (was 827,700). Continuing claims plunged -569,000 to 5.520 million in the November 21 week versus the -281,000 prior dive to 6.089 million (was 6,071 million). The insured unemployment rate slid to 3.8% from 4.2% (was 4.1%).</p>
<p><a href="https://analysis.hotforex.com/wp-content/uploads/2020/12/2020-12-03_15-31-48.png"><img loading="lazy" class="alignnone size-full wp-image-193094" src="https://analysis.hotforex.com/wp-content/uploads/2020/12/2020-12-03_15-31-48.png" alt="" width="938" height="202" srcset="/wp-content/uploads/2020/12/2020-12-03_15-31-48.png 938w, /wp-content/uploads/2020/12/2020-12-03_15-31-48-300×65.png 300w, /wp-content/uploads/2020/12/2020-12-03_15-31-48-768×165.png 768w, /wp-content/uploads/2020/12/2020-12-03_15-31-48-696×150.png 696w" sizes="(max-width: 938px) 100vw, 938px" /></a></p>
<p>The Dollar edged slightly higher following the jobless claims data, which saw initial and continuing claims fall more than expected. <strong>USDJPY</strong> moved from 104.02 to 104.08, as EURUSD dipped to 1.2144 from 1.2157. <strong>Cable</strong> remains on track as the biggest mover today <strong>up 0.75%</strong> at <strong><span>1.3458</span></strong> as the market prices in a UK-EU trade deal as <span><strong>1.3500</strong></span> comes very much into focus.</p>
<p><a href="https://analysis.hotforex.com/wp-content/uploads/2020/12/2020-12-03_15-55-27.png"><img loading="lazy" class="size-large wp-image-193117 aligncenter" src="https://analysis.hotforex.com/wp-content/uploads/2020/12/2020-12-03_15-55-27.png" alt="" width="696" height="446" srcset="/wp-content/uploads/2020/12/2020-12-03_15-55-27.png 698w, /wp-content/uploads/2020/12/2020-12-03_15-55-27-300×192.png 300w, /wp-content/uploads/2020/12/2020-12-03_15-55-27-696×446.png 696w, /wp-content/uploads/2020/12/2020-12-03_15-55-27-656×420.png 656w" sizes="(max-width: 696px) 100vw, 696px" /></a></p>
<p><strong>Click </strong><a href="https://www.hotforex.com/en/trading-tools/economic-calendar.html"><strong>here</strong></a><strong> to access the HotForex Economic Calendar</strong></p>
<p><strong>Stuart Cowell</strong></p>
<p><strong>Head Market Analyst</strong></p>
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