French economy slows in Q4; GDP increased 0.2% QoQ

Official data released today showed the French economy rose by 0.2 per cent in the December quarter in line with expectations. In the third quarter it had grown 0.3 per cent. Year-on-year the economy grew 1.3 per cent, higher than the expected 1.2 per cent growth as well as the 1.1 per cent rise seen in the preceding quarter.
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GBP/USD bulls continues to lose grip, drops below key fib

The bulls continue to lose grip of the GBP/USD pair, courtesy of which the pair fell below 1.4351 (23.6% of 1.5230-1.4079).
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