The trifecta of negatives weighing down GBP
Summary
By sueyangfx.com September 23, 2020 at 12:09AM A pithy and useful summary from Deutsche Bank on sterling, the bank remains bearish on the currency. The trifecta still in play:
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- Eurozone June trade balance €12.4 billion vs €9.3 billion expected
- Eurozone June industrial production -0.3% vs -0.2% m/m expected
- Eurozone May trade balance €9.4 billion vs €7.9 billion expected
- Eurozone May industrial production -1.0% vs -0.3% m/m expected
- ECBs Knot: Ground for Euro area recovery getting firmer and firmer
September 23, 2020 at 12:09AM
A pithy and useful summary from Deutsche Bank on sterling, the bank remains bearish on the currency.
The trifecta still in play: