United Kingdom Index of Services (3M/3M) in line with forecasts (0.6%) in March

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May 26, 2016

USD/JPY extends the recovery above 110.00

The greenback continues to trim earlier losses vs. the Japanese currency, now sending USD/JPY back above the 110.00 mark.

Second Estimate UK Q1 2016 GDP: 0.4% vs 0.4% exp q/q

The second estimate of Britain’s GDP data confirmed that the UK’s economic recovery lost steam in the first quarter, mainly in response to an unexpected contrac