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Oct 24 - 05:00 AM
EUR/GBP - Awaits French And German PMIs Before Draghi
First appeared on eFXplus on Oct 24 - 02:55 AM
  • EUR/GBP set to dance to EZ tune today as EU keeps UK waiting on Brexit delay

  • See: nL5N27827V. French mfg/service PMIs due 0715GMT, 50.3 and 51.6 f/c

  • German manufacturing and service PMIs ensue at 0730GMT, 42.0 and 52.0 f/c

  • Worse than expected French/German PMIs could depress EUR/GBP towards 0.8577

  • 0.8577 = last week's 5-month low, which was threatened on Monday and Tuesday

  • Draghi's last press briefing as ECB President starts at 1230GMT nL5N27862P

EURGBP: Click here

Source:
Refinitiv IFR Research/Market Commentary

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