UK Breathes Out a Little

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Data today highlighted that the contraction in Britain’s second quarter GDP was not as severe as earlier feared. However, disappointing results from CBI’s survey yesterday have led to questions surrounding the sustainability of recent strength in the retail sector.

Traders seem to have scaled back their expectations for a fresh stimulus in the US, after a Fed policymaker opined that recent economic strength has hampered the prospects of the central bank using easing tools in the near future. Durable goods orders and the meeting between Eurozone leaders hold significance in today’s session.

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UK Breathes Out a Little

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