EUR/GBP: EU Industrial Production

Source: Dukascopy Bank SA

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The EUR/GBP exchange rate decreased on the report showing stronger-than-expected growth in the EU industrial production. The Euro lost against the British Pound 0.13% or 11 pips, but then marked temporary gains to be seen trading above the 0.9000 mark. After the ECB President Mario Draghi delivered his speech, the pair fell and continued consolidation nearing the 0.8920 level.

The Eurostat reported that the growth of industrial production in the Euro area expanded to the nine-month high over the course of August, revealing a 1.4% climb versus 0.5% expected. The improvement in the EU industrial output pointed to the sector's strong growth in the Q3, which is likely to support healthy economic recovery.

Historical Data Table:  EU Industrial Production m/m Economic Calendar for 13.10.2017
           
Date 14.06.2017 12.07.2017 14.08.2017 13.09.2017 12.10.2017 12:30 PM US CPI
Actual 0.5% 1.3% -0.6% 0.1% 1.4% 12:30 PM US Retail Sales
Forecast 0.5% 1.0% -0.4% 0.1% 0.6% 2:00 PM Michigan Consumer Sentiment
           
Initial Reaction on Main Pairs  SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
EUR/USD 1.18625 1.18532 -0.08% EUR/USD 41.61% 58.39%
EUR/GBP 0.89659 0.89547 -0.12% EUR/GBP 25.96% 74.04%
EUR/CHF 1.15507 1.15516 0.01% EUR/CHF 27.57% 72.43%
EUR/JPY 133.182 133.198 0.01% EUR/JPY 51.57% 48.43%

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