U.K. unemployment will hit Mark Carney’s 7 percent threshold faster than the Bank of England forecasts, prompting policy makers to assess whether they need to raise their benchmark interest rate, economists said.
U.K. jobless claims fell the most in 16 years last month as a wider measure of unemployment remained at 7.7 percent amid signs that the labor market is improving.
Swiss stocks advanced to a two-month high as better-than-forecast manufacturing reports from Switzerland to China and Japan eased concern that global economic growth is slowing.
U.K. inflation unexpectedly cooled in January, slowing to below the Bank of England’s 2 percent target for the first time since November 2009.
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