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German Govt lifts 2018 inflation forecast to 1.7% vs. 1.6% previous

Reuters reported earlier today that the German government raised the 2018 inflation forecast to 1.7% versus 1.6% predicted in their previous forecast.

Today’s economic calendar sees the releases of the Eurozone Q4 GDP first estimate and German Harmonized preliminary CPI figures.

GBP/JPY tumbles to 152.00 mark, lowest since mid-Jan.

   •  GBP weighed down by the latest UK political woes.    •  Risk-off mood underpins JPY and adds to selling pressure. The GBP/JPY cross extended l
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WTI oil extends decline, breaks below $65.00 mark

WTI crude oil fell for the second consecutive session on Tuesday and slipped farther below the $65.00/barrel mark. A jump in the number of rigs drill
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