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31 Mar 2015
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Britain’s GDP Revised Up

Today’s final GDP data showed that the UK’s economic growth was unexpectedly revised up and business investments registered a rise for 2014, thereby strengthening expectations that domestic activity remains buoyant despite muted inflation in the nation. Moving ahead, Sterling investors will eye this week’s manufacturing and construction PMI readings for further direction. Across the Atlantic, traders will note the Conference Board’s survey today which is expected to show that confidence among US consumers deteriorated for March. In Germany, reports released earlier today showed that retail sales dropped less than expected for February, while the number of unemployed people for March registered a decline for the sixth consecutive month.
31 Mar 2015
Share

Britain’s GDP Revised Up

Today’s final GDP data showed that the UK’s economic growth was unexpectedly revised up and business investments registered a rise for 2014, thereby strengthening expectations that domestic activity remains buoyant despite muted inflation in the nation. Moving ahead, Sterling investors will eye this week’s manufacturing and construction PMI readings for further direction. Across the Atlantic, traders will note the Conference Board’s survey today which is expected to show that confidence among US consumers deteriorated for March. In Germany, reports released earlier today showed that retail sales dropped less than expected for February, while the number of unemployed people for March registered a decline for the sixth consecutive month.