UK Final GDP Unlikely To Be Sterling’s Salvation
| G10 Advancers and Decliners vs USD |
|
GBP |
0.21 |
 |
 |
CHF |
-0.02 |
|
 |
EUR |
-0.03 |
|
 |
JPY |
-0.47 |
|
|
It was a quiet day in the FX space yesterday, with German CPI releases forming the entirety of the data releases during our session. The overall reading came in at -0.4% M/M (vs. +0.2% expected) but came as little surprise to the market, as regional figures released earlier all posted lower than forecast changes on the month. More influential were comments from ECB’s Trichet in the afternoon who… |
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