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This is the week many analysts have been waiting for, as we get a series of pivotal data that will give us some insight into how the pound, euro and Aussie dollar might behave in the medium term.
We also might have some surprises in just who is facing the COVID challenge the best.
Finally a recovery for UK jobs?
The UK leads with the major data releases, starting with employment figures on Tuesday.
The star of the event is the ILO unemployment rate, which is an average for April-May-June months. It’s projected to come in at 4.2% compared to 3.9% prior, which included a month of pre-shutdown.
The fresher data to look out for is the claimant count change, for which there isn’t any consensus among analysts.
So, we could see some volatility in the aftermath. Remember the higher this figure, the worse it is for the pound.
UK Economy Doing Worse than the Continent?
On Wednesday, the UK reports its Q2 GDP numbers, which are projected to show a quarterly drop of -22.5% in the econo...
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