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29 Apr 2016

European Monetary Union Gross Domestic Product s.a. (YoY) unchanged at 1.6% in 1Q

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Apr 29, 2016

EU CPI soft, prelim Q1 GDP upbeat

European Union inflation readings (flash estimate) for April came soft, with the HICP flash YoY at -0.2% vs -0.1% expected, while GDP preliminary Q1 figures printed 0.6% QoQ vs 0.4% expected. March 2016 unemployment rate was 10.2% vs 10.3% expected.
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Apr 29, 2016

EUR/GBP circa 0.78 post EU CPI/GDP

EUR/GBP is trading last just above the 0.78 handle, barely moved following the release of the European CPI and prelim Q1 GDP data, with inflation coming worse than expected, while growth figures revealed an upside surprise.
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