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EMU: Current account surplus narrows less than expected in January

FXstreet.com (Barcelona) - Eurozone Current Account surplus on a seasonally adjusted basis dropped to €14.8 billion in January from €16 billion in December, according to data released today by the ECB. Analysts expected the surplus to narrow more to €7.9 billion.

The Eurozone not seasonally adjusted Current Account surplus of €29 billion registered in December shifted to a €4.5 billion deficit in January.

EU: Current Account n.s.a (Jan): €-4.5B vs €29B (Dec)

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Forex: EUR/GBP retraces yesterday’s losses ahead of BoE minutes

Fever ahead of the BoE March meeting minutes is weakening the British Pound against the EUR, with the EUR/GBP rising up to 0.8575 already, retracing yesterday’s losses.
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