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Forex Flash: Yesterday was a mixed day for European data - Deutsche Bank

Jim Reid of Deutsche Bank notes that yesterday was a mixed day for European data with the most recent retail sales and unemployment numbers in Germany as well as Euro area CPI all coming below expectations.

He adds that Spain’s economy contracted 0.5% in Q1 as expected although on a positive note Italian unemployment surprisingly fell in March while French consumer spending also rose much stronger than expected. That said, he adds that “All these are perhaps seen as a side show for now as all eyes will be what the ECB does tomorrow and Draghi’s performance at the post-meeting press event.”

Forex Flash: Euro area ‘systemic risks’ in check - Goldman Sachs

Goldman Sachs analysts note that German Bunds have rallied strongly on concerns related to the political landscape in Italy immediately following the general elections, as well as developments in Cyprus, Slovenia and Portugal, and mounting expectations of an ECB rate cut following evidence that the weakness in growth has spread to Germany.
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Forex Flash: Mayday for GBP/USD? - Investec

Investec Treasury analysts note that May is finally upon us, which means we can hopefully wave goodbye to those cold days and dark mornings and look forward to some warmer weather.
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