The U.S. GDP figures out this afternoon will be closely watched...

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    The U.S. GDP figures out this afternoon will be closely watched as traders
    try to judge just how quickly the U.S. economy is slowing down," said Martin
    Slaney, head of spread betting at GFT Global Markets.

    "Data yesterday showed new home sales' prices taking their biggest drop
    since 1970 and the markets will be anxious to see whether there's any
    possibility that the housing effect will be what takes the U.S. into recession."
 
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