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Session Recap: GBP rises on UK GDP; USD declines on Jobless

FXstreet.com (San Francisco) - The Sterling was the winner of the day as the pound rose against its major competitors on the back of the better than expected GDP data in UK. The GBP/USD advanced to trade above the 1.5400, the GBP/JPY tested 2-week highs at 153.75 and the EUR/GBP declined to 0.8400.

On the other hand, the USD declined on better than expected Jobless claims in the United States. Equities extended advances on good corporate earnings. The EUR/USD declined from the 1.3090 to touch levels below the 1.3000 frontier. The USD/JPY is trading in consolidation mode just focusing the BoJ next movement.

Main headlines in the American session:

US: Initial Jobless Claims fell to 339K

Commodities Brief – Precious metals surge, crude makes failed break at 92.00

Goldman Sachs now sees ECB rate cut in May

Forex: EUR/USD bouncing off 1.2990

First signs of Japanese demand appear in US Treasury auction

Japan to use FX reserves to buy Asean member bonds: NIkkei

Bundesbank rejects OMT at German constitutional court

Wall Street rises on earnings and employment data

Wall Street rises on earnings and employment data

The US stocks market closed higher on Thursday as investors's confidence was buoyed by a bath of good corporate earnings reports and better than expected Jobless claims data. However, equities declined in the final hour on news that the Bundesbank doesn't back the OMT programme in Europe.
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