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China’s CommerceMin: Consumption to bottom out in March and recover in Q2

Reuters reports the latest comments from a Chinese Commerce Ministry official, as he says that he expects consumption to bottom out in March and recover in Q2.

Key quotes:

If coronavirus crisis lasts for a relatively long time, china's agricultural, food and labour-intensive industries will be heavily impacted.

Coronavirus has had a relatively big impact on consumption in the short term, but expects consumption to gradually recover.

Consumption will be most heavily impacted by coronavirus in the first quarter.

When are the UK retail sales and how could they affect GBP/USD?

The UK retail sales, scheduled to be published later this session at 0930 GMT, are expected to come in at 0.7% MoM in January, following -0.6% seen in
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EUR/USD remains vulnerable

Haresh Menghani, an analyst at FXStreet, analyzes the EUR/USD technical outlook as the Wednesday’s uptick lacked any strong follow-through, rather alr
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