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Country Focus

UK Labor Weakness Deepens, Reinforcing Case For BoE Easing

by Felix-Antoine Vezina-Poirier, Chief Strategist  

UK labor data weakened further in October and September, reinforcing the case for continued BoE easing. Payrolls fell by 32k in October, matching a downwardly revised 32k decline in September. Unemployment rose to 5.0% from 4.8%, while average weekly earnings…

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