British Pound Spikes Higher As U.K. Unemployment Falls To 7.1 percent

The British Pound traded sharply higher on Wednesday morning after the U.K. Office for National Statistics (ONS) reported that the U.K. unemployment rate from September to November of 2013 fell to 7.1 percent. The figure beat analyst expectations of 7.3 percent. According to ONS data, for September to November 2013