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UK: All eyes on GDP figures – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that the UK preliminary GDP release should confirm the advance print of 0.5% q/q in 15Q4, but will provide more details on the breakdown of demand.

    Key Quotes

    “Risks are slightly skewed to the downside, as some of the data (eg construction) released since the advance print disappointed, though we think it’s unlikely to have shaved enough off the quarter to round down the GDP figure.

    SEK: We see upside risks to consensus for Swedish business confidence, which likely deteriorated somewhat in February. We expect the manufacturing confidence measure to have slipped to 120.1 from January’s 120.8 reading (consensus: 115), while the economic tendency figure fell from 111.9 to 111.5 (consensus: 109.1).”
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