(22 April 2020)DAILY MARKET BRIEF 2:The data released yesterday

<p>Speaking of data, released yesterday, the British jobless rate unexpectedly rose to 4% in February, while wages grew less than 3% y-o-y. But good news was the significantly lower-than-expected claimant count in March. The data showed 12.1K Brits claimed for jobless benefits versus 172.5K penciled in by analysts, therefore reassuring investors that the deterioration in jobs market next month may not be as devastating as many expect. This morning, the headline inflation in the UK confirmed a decline in consumer price growth from 1.7% to 1.5% in March as expected, amid the significant slowdown in economic activity took a heavy toll on the overall demand. Then, the extraordinarily low oil prices have certainly added insult to injury. Softer inflation, combined to a weakening jobs market keep the Bank of England (BoE) doves alert, and could encourage a deeper downside move in Cable toward the 1.20 mark. But for now, there is no expectation of a further monetary action from the MPC’s May 7 m</p>