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April 25, 2012

GBP/USD Retreats from 1.6164 After Poor UK GDP

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UK's preliminary estimate for Q1 GDP came out to be -0.2% disappointing after forecast for 0.1%. The previous quarters GDP was revised down to -0.3% from -0.2%. This can be interpreted as the second time the UK economy has entered a recession since the financial crisis. In the currency markets, this... FF News: Technical

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