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UK: M4 Money Supply falls in March against expectations

FXstreet.com (Barcelona) - The UK M4 Money Supply decreased 0.9% in March, following a 0.5% drop in February, according to the BoE official data. Analysts expected a 0.4% increase.

On an annual basis UK M4 Money supply rose 0.3% in March, down from the 0.5% growth registered the previous month.

Forex: EUR/GBP quiet at lows after UK data

Following weaker than expected retail sales in Germany, the EUR/GBP fell from 0.8460 to find support at 0.8438 on the London opening. The cross continues to trade at the support level after the release of UK data.
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Forex: GBP/USD back around 1.5500

The sterling regained the region of 1.5490/1.5500 on Tuesday after the Mortgage Approvals increased by 53.5k during March, surpassing both the median and previous prints at 52.5K and 51.9K, respectively...
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