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UK: M4 Money Supply grows 0.9% in January

The UK M4 Money Supply increased 0.9% in January, following a 0.7% rise in December, according to the BoE official data. Analysts expected less growth of 0.3%.

On an annual basis UK M4 Money supply fell 0.8% in January, up from the 1% decrease registered the previous month.

Forex: GBP/USD collapses to session lows on weak UK data

The GBP/USD has careened over 100 pips in recent minutes off the 1.5170 handle following the release of weak economic data in the United Kingdom. The move triggered a fall below calculated support, establishing fresh lows at 1.5054. At this juncture, the pair has incurred a loss of -0.66% off its opening.
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Forex: EUR/GBP catapults towards 0.8671/73

The EUR/GBP has rocketed ahead nearly 60 pips during European trading Friday, as weak economic data emanated out of the United Kingdom, triggering the move. With a move above resistance, the pair is notching fresh daily maximums at 0.8671/73, up a steadfast +0.72% in these moments.
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