German PPI dropping<\/a> -6% YoY in July, the largest fall since the financial crisis 16 years ago.<\/p>\nThe drop in PPI points to cooler inflation but also raises concerns over weak demand in the eurozone’s largest economy.<\/p>\n
Eurozone’s current account data is due today.<\/p>\n
The pound drifted lower amid a lack of fresh fundamental drivers yesterday. Today, attention turns to UK public sector net debt which is expected to fall to \u00a317.03 billion in July.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling for a third straight day, heading towards \u20ac1.17. The euro is rising despite German PPI dropping -6% YoY in July, the largest fall since the financial crisis 16 years ago. The drop in PPI points to cooler inflation but also raises concerns over weak demand in the […]<\/p>\n","protected":false},"author":163946598,"featured_media":5581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-114904","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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