• The bad news was that Q1 US GDP was revised up to +0.1% vs +0.5% exp
• Q1 US personal consumption +2.1% vs +2.3% exp
• Initial jobless claims 344K vs 360K exp
• Chicago PMI 56.8 vs 54.0
• Canada current account -$17.3B vs -$17.0B exp
• Jack Lew sworn in as Treasury Secretary
• Fed’s Lockhart: Low rates likely to continue
• BOE’s Dale says ” great deal of hope that things are beginning to turn around” in UK
• IMF will revise US growth forecasts lower if sequester hits
• Obama calls last-minute pre-sequester meeting for Friday
• S&P 500 flat on day, up 1.1% on month
• GBP/USD was the worst performer in February
• On day, GBP leads and CHF lags