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Forex Trading News - UK GDP Final

Written June 27, 2008 at 4:37 AM EST by Greg Michalowski 

The final GDP reading for UK in the 1st quarter came in weaker than expected quarter over quarter and year over year; .3% vs. .4% qoq and 2.3% vs. 2.4% yoy. The Sterling had an initial sell off, but recovered immediately on a stronger than expected final reading for 1st quarter Current Account Balances (-8.4B vs. -12.1B survey.)

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