Forex Flash: UK jobless claims, BoE minutes and PM Cameron's speech  TD Securities

FXstreet.com (Barcelona) - Investors will have much to eye on the UK: jobless claims, BoE minutes, and PM Cameron's long-awaited speech on EU-UK relations."For jobless claims, markets are looking for +0.5K in December after the surprising -3K in Nov, with the labor market holding steady as the broader economy limps along", wrote analyst Annette Beacher, pointing to downside risks.

"The BoE minutes will be the last major guidance ahead of February's monetary policy decision, which we think will result in unchanged QE, but will be a close call", she added, expecting a message that the MPC saw two-way risks at the start of January.

In regard to Cameron's speech, Media has been suggesting "that rather than delivering a laundry list of demands, he'll strike a slightly more EU-friendly tone, discussing the region's need to become more competitive, and the EU's need to become more democratic", according to TD Securities analysts. "Putting forward a referendum at a future date is likely to weigh on the currency (although it may have been priced in given GBP's recent underperformance), but should have minimal impact on gilts", Beacher added, not expecting that a referendum to make the UK exit the EU.