Euro zone Q-1 GDP (final) -2.5% q/q, -4.9 y/y

Slight downward revision to the euro zone Q-1 final GDP data. Came in at -2.5% q/q, -4.9% y/y, compared to median forecasts of unchanged at -2.5%, -4.8% respectively.

The euro has taken the slight downward year on year revision in it’s stride, EUR/USD sitting fractionally higher at 1.3910.