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Germany: Annual GDP falls 0.2% in Q1, against forecasts

FXstreet.com (Barcelona) - On an annual basis German GDP w.d.a. decreased 0.2% in Q1, following a 0.4% rise registered the previous quarter, according to data released today by Destatis. Analysts expected 0.2% growth.

On a quarterly basis Q1 GDP s.a. edged up 0.1%, following a 0.6% in Q4 decrease but below consensus climbing 0.3%.

Year-over-year GDP n.s.a. dropped 1.4% in Q1, compared with +0.1% in Q4 and against expectations of 0.2% growth.

Forex: EUR/USD challenging 1.2900 on German GDP

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Forex: GBP/USD around 1.5220 ahead of UK data

The sterling continues to trade in a soft tone on Wednesday, extending its weekly decline to the current area of 1.5220/25 ahead of the employment data in the UK and the BoE Quarterly Inflation Report...
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