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UK key events next week, GDP - TDS

FXStreet (Guatemala) - Analysts at TD Securities noted the key events coming u next week for the UK, starting with GDP (Tuesday 28th April).

Key Quotes:

"Markets are looking for GDP growth to decelerate from 0.6% Q/Q in Q4 to 0.5% Q/Q in Q1, but we see downside risks and think that GDP growth could fall to as low as only 0.3%, which would be the slowest rate of growth since the London Olympics hangover in Q4 2012."

"The construction sector will likely be the biggest drag, but we’re also looking for a mild contraction in IP and a smaller contribution for the retail sector as the services sector more generally slows from a stronger 0.9% growth rate in Q4."

Gold plummets and falls to 1-month lows

Gold dropped sharply and fell more than $10 an ounce in one hour. Recently reached at $1,176 the lowest level since March 20. The yellow metal is falling 1.50% on Friday, accumulating a weekly decline of 2.25%, the worst performance since February.
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Higher US core inflation adding to Fed confidence – Danske

Allan von Mehren, Chief Analyst at Danske Bank, believes the surprise uptick in US core inflation might add to Fed’s confidence for a rate hike, and hence anticipates September to likely see the beginning of the US rate lift-off.
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