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UK: Claimant Count Change down 27.6K in January

FXStreet (Barcelona) - The number of unemployment people in the UK fell by 27.6K in January, following a 27.7K drop registered in December, National Statistics reported on Wednesday. Analysts expected a 20K decline. The Claimant Count Rate was at 3.6%, following a 3.7% reading.

The ILO Unemployment Rate edged up to 7.2% in December, from 7.1% in November. Average Earnings excluding Bonus rose 1% in the three months to December, following a 0.9% reading in the three months to November, as expected. Average Earnings including Bonus increased 1.1%, in comparison with 0.9% growth, slightly above projections of +1.0%.

GBP/USD below 1.6700 on UK data

The sterling is now rapidly depreciating vs. the greenback, retracing earlier gains and returning to yesterday’s levels below the 1.6700 handle...
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