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      US: Initial Jobless Claims fell to 366K

      According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits fell by 5K last week to a seasonally adjusted 366K in the week ended February 2, missing expectations at 360K and coming from 371K (revised) in the previous print.

      Continuing claims, which reflect people already receiving benefits, rose by 8K to a seasonally adjusted 3.22 million in the week ended January 26

      The Non-farm Productivity contracted 2.0% in the Q4, vs. -1.4% expected and +2.9% previous.

      The Unit Labour Costs rose 4.5% in the third quarter, up from 2.3% previous.

      Forex: GBP/USD sees initial downside post ECB press conference

      Having declined from it Carney led spike this morning, GBP/USD has declined to find support ahead of the hotley anticipated ECB policy statement and subsequent press conference.
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