Yesterday, in contrast to the UK figure, America’s quarterly GDP was revised upwards, to growth of 3.2%.
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EUR/USD strengthened during the Asian trading hours on Thursday. This was supported by the selling pressure surrounding the US Dollar.
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Yesterday's final GDP data triggered the pound to weaken against both the euro and the dollar. The data revealed that the British economy contracted 0.3%, slightly more than the preliminary estimate of a 0.2% drop.
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Yesterday’s final GDP data triggered the pound to weaken against both the euro and the dollar. The data revealed that the British economy contracted 0.3%, slightly more than the preliminary estimate of a 0.2% drop. One reason for…
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Sterling’s difficult pre-Christmas run continued yesterday, as sterling fell close to its lowest level against the euro since October, and against the US dollar since late November. The losses followed a downward adjustment in the last quarter’s GDP…
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America's personal income is predicted to fall lower in tomorrow's release. In the previous month, personal income in the US increased 0.7%.
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This afternoon Italy's latest producer prices will be revealed in the 10am data release.
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Britain's annual GDP data was released this morning. The economy grew by 1.9%, pointing to the slowest rate of growth since Q1.
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