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- Asian session: The dollar fell
Asian session: The dollar fell
UK data again dominates the morning with the minutes of the latest bank of England meeting and also labour market data, both due at 0830GMT. Analysts expect the same vote split as in February, March and April with two Monetary Policy Committee members voting for a 25 basis point hike, one for a 50 bps hike, six for unchanged Bank Rate and one for more quantitative easing. The May meeting was the last for Andrew Sentance, who has been alone in backing a 50 basis point hike. The labour market survey is expected to show that the conjunction of rising employment without a decline in the claimant count jobless level continued. The benefit claimant count actually rose 700 in March. Today, the claimant count is expected to remain unchanged.
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