thursday trading, page-24

I have to ask the obvious question here. Is that drop in employment numbers a retrace in an up trend or a top? As with anything trending, it's more likely to be a retrace that a top. I'm happy to be wrong but we all know the saying about trends and friends.

I doubt if interest rates going up from here is going to help the unemployment numbers continue to fall. Business borrowing costs rise with rates so if interest rates are likely to continue up (which the markets are indicating will happen) then I really can't see unemployment figures topping here.

Interested in other peoples thoughts.