Germany Gross Domestic Product w.d.a (YoY) meets expectations (1%) in 1Q

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May 22, 2015

EUR/GBP: favouring the bears – Varengold

The Varengold Bank Research Team believes the price action in EUR/GBP is supporting the bears, and a move below the key support might be expected.

German economy expands 1.1% year-on-year in the first quarter

As per the data released by the Federal Statistical Office (Destatis), German economy expanded 1.1% year-on-year in First quarter, beating the estimate of 1.0%.