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Germany: Annual GDP declines 0.2% in Q1

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 by Destatis. This result is in line with projections.
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GBP/USD capped 1.5130

GBP/USD breached 1.5100 yesterday with a low of 1.5021 after the London open, drifiting higher throughout the day as the market digested the data from Bernakes speech in what was a disordely day of emmence volitility.
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