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Just the job! 271,000 NFP a boost for December US rate rise

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Another chance to watch Saxo Bank's Head of FX Strategy John Hardy give his live reaction to the latest nonfarm payroll US job numbers. 

NFP: October 271,000 vs 185,000 consensus forecast.

Unemployment rate: 5%.

Average hourly earnings up 0.4% month on month and 2.5% year on year. A breakout from the trend and therefore a key number for US policy makers looking for slack being taken up in the economy. 

John explains why GBPUSD is a big trading story in the wake of the numbers and underlines his view that the Fed will now go ahead with December rate rise; boosted by the strength of the new employment figures.