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UK: M4 Money falls 0.5% in February

FXstreet.com (Barcelona) - The UK M4 Money Supply decreased 0.5% in February, compared with a 0.9% rise in January, according to the BoE official data. Market consensus pointed to a 1.1% expansion.

On an annual basis UK M4 Money supply grew 0.5% in February, following a 0.8% drop registered the previous month.

Forex Flash: Yen rebound continues ahead of BoJ meeting - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the yen has continued to strengthen ahead of this week’s key BoJ monetary policy meeting with USD/JPY breaking back below its 55-day moving average for the first time since mid-October.
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Forex: EUR/GBP on “red” after UK data

Following the trend, the UK saw its final reading of March manufacturing PMI by Markit coming in contractionary at 46.8, from 47.9 and below 46.6 consensus. Ahead of the release, the EUR/GBP had dropped below the opening price and printed a low at 0.8426. Expectations ahead of the UK data and disappointment from the European pulled the cross from its high at 0.8452.
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