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UK unemployment: Bigger bang for your buck on weak data - SocGen

FXStreet (Bali) - According to Societe Generale, any weakness in today's UK employment data overall will probably elicit a bigger reaction than strength.

Key Quotes

"Today, we get unemployment data, expected to show a 3,000 fall in unemployment, and a rise in the ILO measure of the unemployment rate to 5.7%, though the claimant count may stay at 2.3%."

"Wage growth is expected to edge up to 3.1% on a 3-month y/y basis, given what the underlying y/y data have been doing."

"Any weakness in the data overall probably elicits a bigger reaction than strength, but on our figures, there won’t be fireworks."

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