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Forex Flash: UK GDP to “triple-dip” or not to “triple-dip” – TD Securities

FXstreet.com (Barcelona) - TD Securities point to the UK Q1 GDP as the highlight of the day as it will determine whether the UK avoided the “triple-dip” recession tag or not: “By sector, construction spending is likely to be a big drag, with Jan-Feb data hinting at the sector subtracting about -0.2ppts from Q1 GDP. And with the weak start to the year, we don’t expect significant quarterly growth from any other major sectors as by our tracking they so far suggest only a marginal contribution”, wrote analyst Annette Beacher, expecting a -0.1 to -0.2% contraction despite consensus of +0.1% Q/Q, “which means the media will be focused squarely on dreaming up the most sensationalistic ‘triple-dip’ headlines”.

Spain Unemployment Survey up to 27.16% in 1Q from 26.02% in 4Q

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Forex Flash: SNB to raise floor target for EUR/CHF to 1.2500? – UBS

The Swiss franc has weakened sharply this week. Indeed, the EUR/CHF has jumped from levels just above the Swiss National Bank's 'minimum' floor of 1.20 to above 1.23 while USD/CHF has appreciated back towards 0.95 the figure.
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