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UK: Claimant Count Change falls further in April

FXstreet.com (Barcelona) - The number of unemployment people in the UK dropped by 7.3K in the three months to April, following a 9.9K drop registered in the three months to March, National Statistics reported on Wednesday. This result is more positive than the expected 3K fall. The Claimant Count Rate was at 4.5%, following a 4.6% reading and lower than forecasts of remaining unchanged.

The ILO Unemployment Rate slid to 7.8% in March, against expectations of remaining flat. Average Earnings excluding Bonus rose 0.8% in the three months to March, following a 1% reading in the three months to February, according to forecasts. Average Earnings including Bonus increased 0.4%, in comparison with 1% growth, and below the projected 0.7% rise.

Forex: GBP/JPY testing the 1.5600 level after UK ILO

The GBP/JPY has thrust ahead Wednesday, as the JPY weakness continues this week. A notable setback was ultimately curbed yesterday, allowing for a clean rise off of yesterdays lows which extended during European trading today, on the heels of economic data in the United Kingdom. In these moments, the pair is trading at 156.01/08.
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Forex Flash: No improvement in Eurozone economic - Nomura

Nomura economists Silvio Peruzzo and Stella Wang note that within the realm of Euro area economics, Target2 data shows no major improvements in April.
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