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25 Apr 2013
Session Recap: GBP rises on UK GDP; USD declines on Jobless
FXstreet.com (San Francisco) - The Sterling was the winner of the day as the pound rose against its major competitors on the back of the better than expected GDP data in UK. The GBP/USD advanced to trade above the 1.5400, the GBP/JPY tested 2-week highs at 153.75 and the EUR/GBP declined to 0.8400.
On the other hand, the USD declined on better than expected Jobless claims in the United States. Equities extended advances on good corporate earnings. The EUR/USD declined from the 1.3090 to touch levels below the 1.3000 frontier. The USD/JPY is trading in consolidation mode just focusing the BoJ next movement.
Main headlines in the American session:
US: Initial Jobless Claims fell to 339K
Commodities Brief – Precious metals surge, crude makes failed break at 92.00
Goldman Sachs now sees ECB rate cut in May
Forex: EUR/USD bouncing off 1.2990
First signs of Japanese demand appear in US Treasury auction
Japan to use FX reserves to buy Asean member bonds: NIkkei
Bundesbank rejects OMT at German constitutional court
Wall Street rises on earnings and employment data