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US: PCE rose 1.0% QoQ in Q1

Fxstreet.com (Edinburgh) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.0% QoQ during the first quarter of 2013. The Core reading, which strips the food and energy costs, rose 1.3% QoQ. Both prints matched market expectations.

US: GDP expanded 1.8% YoY in Q1

The Commerce Department has informed that the US economic activity has expanded at an annual pace of 1.8% during the first quarter, missing the median at 2.4% and lower than the previous expansion of 2.4%...
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GBP/USD Higher on GDP disappointments

GBP/USD has moved sharply higher after Personal Consumption Expenditures and The Real (Core) Personal Consumption Expenditure came in line, while the key data in focus, The Gross Domestic Product annualised came in worse at 1.8% against 2.4% expected
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