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UK: Annual GDP rises 0.6% in Q1

FXstreet.com (Barcelona) - Preliminary annual UK GDP data for Q1 2013 points to a 0.6% increase, up from the 0.2% rise registered in Q4 2012, National Statistics revealed on Thursday. Analysts expected 0.3% growth.

On an a quarterly basis UK GDP edged up 0.3% in Q1, compared with the 0.3% fall in Q4 and above forecasts of +0.1%.

Forex Flash: Bad economic news is good financial news for Euro amid ECB cut expectations - DBS Group

DBS Group analysts note that European stocks were up and sovereign yields down, as the latest bout of poor Eurozone economic data heightens expectations of an ECB rate cut as soon as May 2nd.
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Forex Flash: FX majors differ in intraday outlooks – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.
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