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    UK Unemployment Rate climbs to 4.2% in quarter to February vs. 4.0% expected

    Source Fxstreet
    Apr 16, 2024 06:01
    • The UK Unemployment Rate rose to 4.2% in three months to February.
    • The Claimant Count Change for Britain stood at 10.9K in March.
    • GBP/USD holds the bounce toward 1.2450 after mixed UK jobs data.

    The United Kingdom’s (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data published by the Office for National Statistics (ONS) showed Tuesday. The reading missed the market expectations of a 4.0% print.

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    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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    ECB's Schnabel: Central bank most concerned about wages, servicesEuropean Central Bank (ECB) executive board member Isabel Schnabel said in her scheduled appearance on Thursday that the “biggest concern is clearly services inflation." Additional comments "There is a consensus emerging that we may be facing a quite bumpy last mile.” "The more concerning part is productivity growth." “We've had negative productivity growth now over several quarters." .
    Source  Fxstreet
    European Central Bank (ECB) executive board member Isabel Schnabel said in her scheduled appearance on Thursday that the “biggest concern is clearly services inflation." Additional comments "There is a consensus emerging that we may be facing a quite bumpy last mile.” "The more concerning part is productivity growth." “We've had negative productivity growth now over several quarters." .
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    US Retail Sales rise 0.7% in March vs. 0.3% expectedRetail Sales in the US rose 0.7% in March to $709.6 billion, the US Census Bureau reported on Monday.
    Source  Fxstreet
    Retail Sales in the US rose 0.7% in March to $709.6 billion, the US Census Bureau reported on Monday.
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    ECB gave some strong hints that a June cut is forthcoming – RabobankReviewing the European Central Bank's (ECB) monetary policy announcements following the April meeting, Rabobank analysts noted that the ECB gave some strong hints that there will be a reduction in the policy rate in June.
    Source  Fxstreet
    Reviewing the European Central Bank's (ECB) monetary policy announcements following the April meeting, Rabobank analysts noted that the ECB gave some strong hints that there will be a reduction in the policy rate in June.
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