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The EUR/USD pair holds ground above the 1.0980 mark heading into the early European session on Friday. The major pair trades in positive territory for
New Zealand Inflation Expectations drops to 2.79%. US unemployment claims suprise to the upside. UoM consumer sentiment to be released later today
UK GDP was unchanged at 1% in Q1. The BoE raised rates by 25 bp. UoM consumer sentiment is expected to slow
In the UK, GDP declined by 0.3% in March m/m, below the 0.1% estimate and the February reading of 0.0%. Still, the economy managed to gain 0.1% in the first quarter, unchanged from Q4 2022 and matching the estimate.
The New Zealand dollar is getting pummelled by the US dollar and is trading at 0.6240, down 0.93% on the day. This follows a drop of 1.07% on Thursday.