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Country Focus

Slack, Britannia?

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The latest UK employment and inflation data came in cooler than expected, reinforcing the case for weaker growth ahead. Payrolls fell by 100k in April after a 28k decline in March. The unemployment rate also rose 0.1pp to 5.0%. Average weekly earnings ticked…

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