Europe Q1 GDP estimate unchanged, UK trade balance improves – TDS

The TD Securities Team reviews the Eurozone GDP second estimate and UK trade balance data release.
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GBP/USD steadies around 1.53, trades above 50-DMA

The GBP/USD pair has steadied itself just above 1.53 handle as the Pound continues to outperform other majors against the USD on the back of a larger than expected squeeze in the UK trade deficit in April.
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