- European session:
Market news
European session:
Data:
05:30 France GDP, q/q IV quarter +0.2% +0.2% +0.2%
05:30 France GDP, Y/Y IV quarter +2.5% +2.5% +2.5%
08:00 Eurozone M3 money supply, adjusted y/y February +2.5% +2.5% +2.8%
08:30 United Kingdom Current account, bln IV quarter -15.2 -8.5 -8.45
08:30 United Kingdom GDP, q/q (finally) IV quarter +0.6% -0.2% -0.3%
08:30 United Kingdom GDP, y/y (finally) IV quarter +0.5% +0.7% +0.5%
08:30 United Kingdom Business Investment, q/q IV quarter -5.6% -5.4% -3.3%
08:30 United Kingdom Business Investment, y/y IV quarter -2.0% -1.9% +1.6%
12:00 Germany CPI, m/m (preliminary) March +0.7% +0.3% +0.3%
12:00 Germany CPI, y/y (preliminary) March +2.3% +2.1% +2.1%
The pound fell after a government report showed the economy shrank more than first estimated, strengthening the case for the central bank to maintain asset purchases.
Sterling dropped as the data also showed household disposable income declined. Bank of England Governor Mervyn King said yesterday he has an open mind on whether more monetary stimulus, or quantitative easing, is needed. Gilts were little changed.
EUR/USD: the pair was limited $1,3310-$ 1,3375.
GBP/USD: the pair fell in $1,5900 area.
USD/JPY: the pair showed low in Y82.60 area then restored in Y83.00 area.
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