German final Gross Domestic Product revised down to -0.3% QoQ in Q1

  • German economy tipped into a technical recession in the first quarter of 2023.                
  • EUR/USD keeps losses near 1.0730 on the downbeat German GDP data.

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UK's Ofgem lowers price cap on household energy bills

On Thursday, the UK energy regulator, Ofgem, announced a reduction in its price cap on household energy bills from July to an annual level of GBP2,074
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EUR/NOK: The revival of consumer confidence could eventually help Krone to recover – SocGen

The NOK is the worst-performing G10 currency this year. But Norway falling inflation expectations can help the Krone, economists at Société Générale r
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