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UK: Annual Retail Sales drop 0.5% in March

FXstreet.com (Barcelona) - National Statistics informed on Thursday that year-over-year UK Retail Sales dropped 0.5% in March, compared with the 2.5% increase in February and slightly above below forecasts of -0.5%.

On a monthly basis UK Retail Sales fell 0.7% in March, after growing 2.1% in February and almost in line with expectations of declining 0.8%.

Annual Retail Sales excluding Fuel increased 0.4%, down from the 3.2% rise and below market consensus of 0.9% growth. Month-over-month Retail Sales excluding Fuel dropped 0.8%, following a 1.9% increase and below expectations of -0.5%.

Forex Flash: EUR/USD to remain pensive ahead of macroeconomic developments - OCBC Bank

Emmanuel Ng of OCBC Bank believes that EUR/USD may remain somewhat pensive in the near term on the back of the darkening perception of macroeconomic prospects in the near term.
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Forex Flash: Yen depreciation to lead to export led recovery - Nomura

Nomura economists are projecting a strengthening Japanese recovery in exports thanks to a depreciation in Yen.
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