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UK: Claimant Count Change decreases more than expected in January

The number of unemployed people in the UK fell by 12.5K in the three months to January, following a 12.1K drop registered in the three months to December, National Statistics reported on Wednesday. This result is more positive than the expected 5K increase. The Claimant Count Rate was at 4.7%, following a 4.7% reading.

The ILO Unemployment Rate ticked up to 7.8% in December, against market consensus of remaining at 7.7%. Average Earnings excluding Bonus rose 1.3% in the three months to December, following a 1.4% reading in the three months to November and against expectations of remaining at the same level. Average Earnings including Bonus increased 1.4%, in comparison with 1.5% growth, as projected.

Forex Flash: FOMC expected to show now change - BTMU

Derek Halpenny, European Head of Global Market research at the Bank of Tokyo Mitsubishi UFJ comments that the FOMC minutes will be released tonight for the meeting on 29th-30th January.
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Forex: GBP/USD collapses below support to 1.5349/50

The GBP/USD has plummeted over 80 pips amidst the BOE minutes and following the publication of the economic data in the UK Wednesday. Following the abrupt pullback, the pair crashed through calculated support at 1.5400 and is now trading at 1.5349/50, establishing new session lows at the time of writing.
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