Archive: May2015

US first quarter GDP turns negative

31 May 2015
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United States Dollar: The big news on Friday was from the States with the second estimate of Americas first quarter GDP turning negative. Official data showed that the economy shrank by -0.7% from the advanced print of 0.2%. The drop into negative gr…

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US first quarter GDP turns negative

31 May 2015
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United States Dollar: The big news on Friday was from the States with the second estimate of Americas first quarter GDP turning negative. Official data showed that the economy shrank by -0.7% from the advanced print of 0.2%. The drop into negative gr…

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US GDP Report Takes Centre-Stage

29 May 2015
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Data from GfK has revealed an unexpected dip in the consumer confidence index, possibly indicating easing confidence in the UK’s economic prospects. In the coming week, market participants will look forward to manufacturing and construction PMI r…

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Pound finishes the week lower as GDP is revised down

28 May 2015
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United States Dollar: Data released yesterday showed that Q1 UK GDP was revised down to 0.3% vs. forecasts for 0.4%. This put the pound on the back foot throughout most of the morning. Throw in prevailing dollar strength – fuelled by better t…

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Pound finishes the week lower as GDP is revised down

28 May 2015
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United States Dollar: Data released yesterday showed that Q1 UK GDP was revised down to 0.3% vs. forecasts for 0.4%. This put the pound on the back foot throughout most of the morning. Throw in prevailing dollar strength – fuelled by better t…

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UK Grows Less Than Expected

28 May 2015
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The second estimate of UK’s first quarter GDP matched the government’s initial estimate of 0.3%, trailing market expectations of an upward revision. Following today’s unchanged GDP reading, the BoE is likely to retain its wait and wat…

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UK Grows Less Than Expected

28 May 2015
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The second estimate of UK’s first quarter GDP matched the government’s initial estimate of 0.3%, trailing market expectations of an upward revision. Following today’s unchanged GDP reading, the BoE is likely to retain its wait and wat…

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Aussie dollar slammed on weak private capital expenditure data

27 May 2015
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United States Dollar: The dollar continued to strengthen yesterday supported by further bids in USD/JPY which shifted through 124.00. Overall it was a fairly quiet day though amid a lack of any major economic data from the UK or US. The Queen&rsquo…

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Pound Holds Gains Against Euro

27 May 2015
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With the Queen’s speech expected to mark the official commencement of British Parliament proceedings, focus will be on the incoming government’s plans with regards to membership of the EU. The revised GDP reading in Britain tomorrow is like…

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Dollar firms up with markets back in full swing

26 May 2015
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United States Dollar: Markets were back in full swing yesterday and the theme of the day was one of dollar strength. This was prompted early on by solid bids in USD/JPY – the pair went on to trade to 8 year highs (through 123.00). Cable slipped ba…

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