XE Market Analysis: Sterling Slumps as UK Growth Revised Down for Q1

OVERVIEW  Pound slides across the board as UK Q1 GDP is revised lower. FOMC minutes show current approach appropriate, and futures still show a 100% chance of a rate hike in June. The Euro is solid against majors, and momentum from ‘no taper’ comments remains. South African Reserve Bank leaves interest rates unchanged at 7%. HIGHLIGHT

Source: XE news feed
XE Market Analysis: Sterling Slumps as UK Growth Revised Down for Q1