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EMU: GDP grows 0.5% in Q4, as expected

FXStreet (Barcelona) - On an annual basis preliminary Eurozone GDP increased 0.5% in Q4, following a 0.5% expansion registered the previous quarter, according to data released today by Eurostat. This result is in line with market consensus.

Quarter-over-quarter GDP rose 0.3% in Q4, up from +0.1% in Q3, as projected.

Eurozone Retail Sales YoY came in at 1.3% to beat expectations (-0.4%) in January

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GBP/USD capped ahead of 1.6700

The GBP/USD inched higher and printed fresh daily lows following slightly better-than-expected UK serviced PMI.
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