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- European session: The pound slumped
European session: The pound slumped
Data:
The pound slumped against all its major counterparts after the Bank of England expanded its bond-purchase plan and kept its benchmark interest rate at a record low.
At 1230GMT, US data starts with initial jobless claims, which are expected to rise 19,000 to 410,000 in the October 1 week after falling sharply in the previous week on seasonal adjustment difficulties. Claims usually decline in the last week of a quarter before surging in the
following week, though claims rose in last week of September in 2008-2010. At 1330GMT, the IMF gives it's regular biweekly briefing in Washington.
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