The EUR/GBP pair printed a fresh three-week low at 0.8620 on Wednesday as European Central Bank (ECB) Governing Council member and Bank of France Pres
EUR/GBP prints a fresh three-week low at 0.8620 as the ECB is expected to keep policy steady ahead. The Eurozone GDP for Q3 is expected to contract due to the consequences of higher interest rates. The Pound Sterling will dance to the tune of the UK factory data. ident, Francois Villeroy de Galhau see monetary policy sufficiently restrictive.
Investors see monthly Manufacturing Production contracting by 0.3% against the 0.8% contraction recorded for July. Monthly Industrial Production is foreseen to decline at a slower pace of 0.2% against a contraction of 0.7% in July. The monthly Gross Domestic Product data is seen expanding by 0.5% against a decline of 0.5% in July.
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