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Cable touch lower in wake of slightly disappointing jobs data

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We're presently down at 1.6145. Sources report US investment bank has been selling post release. Between you and me, I'm pretty sure it's the puppy who has been buying recently. Little profit-taking I guess.

UK Analysis: Jan Claimant Count Posts First Rise For 4 Months

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--Jan claimant count unemployment +2,400; rate 4.5% --Oct-Dec ILO unemployment +44,000 q/q; rate 7.9% --Dec total weekly earnings +1.8% 3m y/y vs +2.1% in Nov --Dec regular weekly earnings +2.3% 3m y/y vs +2.3% in Nov LONDON (MNI) - Claimant count unemployment rose in January for the ...

UK DATA: Jan claimant count unemployment +2,400;…..

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UK DATA: Jan claimant count unemployment +2,400; rate 4.5% --Oct-Dec ILO unemployment +44,000 q/q; rate 7.9% --Dec total weekly earnings +1.8% 3m y/y vs +2.1% in Nov --Dec regular weekly earnings +2.3% 3m y/y vs +2.3% in Nov ------------------------------------------------------------------------ The claimant count posted its first rise for 4 months in January, rising 2,400 ...

UK January jobless claims +2,400

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Worse than the median forecast of -3k. Claimant count rate 4.5%, as expected. Ilo jobless in 3 months to December +44,000. Rate unchanged at 7.9%, as expected. Little wobble there. As I mentioned in comments section, won't be long before we start to see austerity-related job losses start to filter through. Mark my ...

I could give you some USD/JPY flow info……

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But I'll be honest, my hearts not in it. UK jobs data up in 13 minutes or so. Stand by your beds.

Merkel names Jens Weidmann to succeed Weber as Head of Bundesbank

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Never heard of him. But then again I guess he hasn't heard of me either. Crap, a new name to learn. And just as I was getting used to Weber.

China Central Bank: Closely following domestic grain prices

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Will use various monetary policies to stabilise prices

Clashes between pro and anti-government supporters in Tehran Wednesday – Iran State TV website

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BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.16%

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LONDON ((MNI) - The Bank Of England said Wednesday it was offering an unlimited supply of U.S. dollars in a 7-day repo operation, settlement date Feb 17 maturing Feb 24 2011. The Bank said the repo would be at a fixed-rate, with the ...

EUR/USD touch firmer again, EUR/GBP buying noted

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EUR/USD is up at 1.3565. Obviously BIS buying has helped. But price action in the EUR/GBP cross will be helping too. The cross is up at .8390 from early .8370. Sources note "fast money" buying back/taking profit on shorts ahead of inflation report/Merve the Swerve. Guess fast money is short-term specs. ...

Just incase anyone cares…..

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Final Spanish Q4 GDP came out about 20 mins ago. Showed +0.2% q/q, +0.6% y/y, as expected.

BIS buys EUR/USD

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Around 1.3545. We're at 1.3552 and bored stiff.

EUR/USD has a little pop higher; notable buyer seen

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And guess what, it's an Asian sovereign. This time round Korea is the name in the frame. Nothing like a bit of reserve diversification to liven up the day. Japanese names were also seen buying. We tripped stops above 1.3555 and got to 1.3569 before reversing course. We're back down at ...

Eurostoxx 50 futures rise +0.4%

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DAX futures +0.2%, CAC 40 futures +0.4%

ACEA: EMU January New Car Registrations Down Slightly Y/Y

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FRANKFURT (MNI) - Eurozone new car registrations in January remained below the previous-year level, data from industry group ACEA showed Wednesday. Excluding Cyprus, Malta and Estonia, Eurozone passenger car registrations were only 0.6% lower on the year in January, after ...

Several hundred people in Libyan city of Benghazi clash with police and govt supporters – Witness and local media

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Rallies being held across the country in support of leader Gaddafi (that's State TV)

Preview: BOE Inflation Report Set To Endorse Tightening Ahead

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--Analysts Expect CPI To Overshoot On Flat Rates --Analysts Expect Modal Projection To Show CPI Undershoot --BOE King Reveals Equal Chance CPI Above/Below Target 2 yrs Ahead ...

Cable little firmer during Asian trade

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Cable up at 1.6160 from North American close Tuesday around 1.6125. Sterling survived (probably too strong a word, but what the heck) poor Nationwide consumer confidence data for January (down to 47 from previous 54 and lower than median forecast of 50) Could be a volatile day for sterling given jobs ...

We’s a little gridlocked at the moment

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EUR/USD has traded marginally firmer during Asian trade, but we remain ostensibly gridlocked at the moment within rather well-defined parameters. Ofcourse this won't last for ever. Infact now I've put that headline up it probably won't be long before the proverbial hits the fan. Euro zone data due for release and what a ...

MNI Survey: Japan Jan Dept Store Sales Drop Slows From Dec

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-- See Separate Table For Details TOKYO (MNI) - Japanese department store sales in January appeared to have posted a smaller year-on-year drop than the 1.5% fall in December, as snow storms in many regions boosted winter clothing sales, a Market ...

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