USD -
A relatively quiet evening in terms of the excitement we have seen over the past few weeks, with the President remaining surprisingly tight lipped. Despite this, there is growing hope that there will be an extension to the 2 week ceasefire agreement that was reached last week.
Across the pond, UK growth beat all estimates to print out a punchy 0.5% figure in February, the worst possible time. The services and building industries helped the surprise the most, with a big dose of government spending too. Given that current futures market numbers suggest a 30bps increase in the BoE's base rate by the end of the year, its a tight spot.
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