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3 Numbers to Watch: US jobless claims, US retail sales and GBPUSD
The US economy will be in focus again today as the crowd looks to the follow-up data for initial jobless claims after last week’s surprisingly bullish report. Later, we’ll see a new estimate of sentiment on Main Street in the US with the weekly release of the Bloomberg Consumer Comfort Index. Meanwhile, keep an eye on GBPUSD, which has been rising on a bullish tide of encouraging macro numbers since last summer. US Initial Jobless Claims (12.30 GMT) Today’s weekly update on the number of newly unemployed workers will probably be the main event for macro. What’s more, the odds look encouraging for a bullish ... (full story)