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UK: CBI Distributive Trades Survey – Realized plunges to -11 in May

FXstreet.com (Barcelona) - The UK CBI Distributive Trades Survey – Realized dropped sharply to -11 in May from -1 registered the previous month, the Confederation of British Industry signalized on Wednesday. Consensus pointed to a rise to 3.

UK May CBI Distributive Trades Survey - Realized (MoM): -11 vs -1 (April)

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Flash: EC gives signs of softening austerity drive - BTMU

Lee Hardman, FX analysts at the Bank of Tokyo Mitsubishi UFJ notes that the European Commission is expected to give its clearest signal yet that it is softening its stance on demanding austerity measures in the EU.
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