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Germany: GDP falls 0.6% in Q4, as expected

On a quarterly basis German GDP s.a. decreased 0.6% in Q4, compared with 0.2% growth registered the previous quarter, according to data released today by Destatis. This result is in line with market consensus.

Year-over-year GDP n.s.a. rose 0.1% in Q4, down from +0.4 in Q3. GDP w.d.a. increased 0.4%, following 0.9% growth.

Forex: EUR/USD keeps 1.3200 on Germany data

The bloc currency stayed put after the German GDP expanded in line with expectations during the fourth quarter. The German economic activity contracted 0.6% QoQ and grew 0.1% on a yearly basis, matching forecasts....
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Forex: GBP/USD eyes 1.5300 on better sentiment

After dipping to multi-year lows in the proximity of 1.5130 on Thursday, the sterling has managed to gather some traction and trade back around the 1.5300 mark, as risk aversion is taken a breather on Friday...
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