Yield is king...
More weak data from the UK this morning as official figures confirmed that GDP contracted by 1.6% against the estimate of 1.5%; this follows weak sent
EUR/USD moving lower
The USd has gained against the euro back through 1.35 and is currently testing 1.34.
Yield is king...
Sterling has dipped this morning against the euro and the US dollar, and has even slipped a little against the yen.
US GDP weakest in 26 years, jobless rolls at ...
Although US GDP and jobless levels have again record record weak levels this was expected...therefore the market is taking the weak data with a pinch
UK retail sales fall in February
Yesterday we saw CBI distributive trades forecast come in worse than expected at -44- this figure reflects the gloom in the retail sector.
Hash
NEW YORK (Dow Jones)--The yen fell to session lows versus the euro and dollar after the January U.S.
