Jobless claims in the U.K. are projected increase another 20.0K following the 24.5 expansion in June, and the ongoing weakness within the labor market could spark a bearish reaction in the British Pound as the data reinforces a weakened outlook for future growth. However, the Bank of England meeting minutes may take center stage should the policy statement show a growing shift within the Monetary Policy Committee, and central bank Governor Mervyn King may show an greater willingness to increase its asset purchases in an effort to stimulate the ailing economy. On the other hand, market participants may show a greater ... (full story)