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EBC Daily Snapshot Mar 14, 2024

EBC Forex Snapshot 14 Mar 2024 The currency market was muted on Thursday, with the US dollar consolidating as traders awaited more data out of the world's largest economy for clues on the direction of Fed’s policy. Sterling sputtered below its multi-month high. January’s GDP data raises expectations of the UK economy expanding in the first quarter but financial markets mostly shrugged it off. After a dismal end to last year as soaring living costs forced households to cut back their spending, official figures show growth returned in January with a modest 0.2% increase, in line with forecasts. EBC Group Social Responsibility Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC Group Social Responsibility or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-03-14 09:05:35 (GMT)

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