The pound was little changed against the dollar and euro before a report economists said will show jobless claims in the U.K. fell for a seventh month in May. Unemployment claims in Britain fell 5,000 last month from April, when they dropped 7,300, the Office for National Statistics will say at 9:30 a.m. in London today, according to the median forecast of 27 economists in a Bloomberg survey. The unemployment rate in the three months through April held at 7.8 percent, according to a separate survey. The pound traded at $1.5667 as of 7:49 a.m. London time after rising to $1.5684 on June 6, the highest level since Feb. 13. Sterling was at 84.96 pence per euro. The pound has gained 6.2 percent in the past three months, the best performer in the Bloomberg Correlation-Weighted Indexes, which track 10 developed-market currencies. The dollar gained 0.5 percent and the euro appreciated 2.9 percent. Gilts handed investors a loss of 2 percent this year through yesterday, according to the Bloomberg U.K. Sovereign Bond Index. (BRIT) German bonds and U.S. Treasuries dropped 1.2 percent, separate Bloomberg indexes show. To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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