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UK: Claimant Count Change falls further in March against expectations

FXstreet.com (Barcelona) - The number of unemployment people in the UK fell by 7K in March, following a 5.3K drop registered in February, National Statistics reported on Wednesday. Market consensus pointed to no change. The Claimant Count Rate was at 4.6% for the second straight month, against forecasts of +4.7%.

The ILO Unemployment Rate rose to 7.9% in March, against expectations of remaining at 7.8%. Average Earnings excluding Bonus rose 1% in the three months to March, following a 1.3% reading in the three months to February and below forecasts of +1.2%. Average Earnings including Bonus increased 0.8%, in comparison with 1.2% growth and below forecasts of rising 1.2%.

Forex Flash: Japan’s monetary base already larger than that of US or UK - Nomura

Richard Koo, Chief economist at the Nomura Research Institute notes that Japan’s monetary base already larger than that of US or UK.
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Forex Flash: IMF forecast makes grim reading for Eurozone policymakers - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that the release of the IMF forecast projections yesterday makes grim reading for policymakers in Europe.
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