UK: PMI-based GDP indicator would point to growth of 0.4–0.5% q/q in Q1 2017 – RBC CM

According to the analysts at RBC Capital Markets, if the Market/CIPS UK PMIs were to hold steady at January levels, then the PMI-based GDP indicator w
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GBP/USD tumbles to lows near 1.2350 ahead of UK PMI

The selling pressure around the Sterling is now picking up pace, dragging GBP/USD to the area of 1.2350, or fresh daily lows. GBP/USD weaker on USD-b
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