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08:30 United Kingdom Purchasing Manager Index Manufacturing April 52.1 51.4 50.5
The pound fell against the euro after an industry report showed U.K. manufacturing growth slowed more than economists forecast.
Today’s Purchasing Managers’ Index followed gross-domestic-product data last week showing Britain’s economy re-entered a recession in the first quarter.
The U.K. economy unexpectedly shrank in the first three months of the year, according to data published April 25, pushing the nation into its first double-dip recession since the 1970s. Britain’s GDP fell 0.2% from the fourth quarter of 2011, when it declined 0.3%, the Office for National Statistics said.
EUR/USD: the pair come nearer to resistance in $1,3270 area.
GBP/USD: the pair showed low below $1,6200 then restored in area of session high in $1,6230 area.
USD/JPY: during european session the pair was limited Y79,60-Y79,90.
US data start at 1400GMT with both the ISM Manufacturing Index and also Construction Spending data. The ISM manufacturing index is expected to fall slightly to a reading of 53.0 in April from 53.4 in March. At 1630GMT, Chicago Fed President Charles Evans & Atlanta Fed President Dennis Lockhart participate on a panel discussion on "The Limits of U.S. Monetary Policy" at the conference, in Beverly Hills, while they will also be interviewed on CNBC. Then, at 1800GMT, Philadelphia Fed President Charles Plosser speaks to the CFA Society of San Diego on the economic outlook. Richmond Fed President Jeffrey Lacker.
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