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What could this week’s data spell for the euro?

By Smart Currency August 8th, 2016

Last Friday saw the euro move sideways against sterling despite German Factory Orders coming in considerably worse than expected (at -0.4%), and Italian Industrial Production decreasing by 0.4%.

The only significant data releases for the Eurozone this week fall on Friday, with German Preliminary Gross Domestic Product (GDP figures forecast at 0.3% – lower than last month’s 0.7%). European Flash GDP data will also be released on Friday morning; however this is forecast to be unchanged from the previous figures at 0.4%

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.