France Consumer Spending (MoM) rises to 1.4% in November from -0.1% in October

Dec 24, 2013

EUR/GBP bouncing but new down trend is under way; 0.8299 is next target

The EUR/GBP has broken down badly in terms of the technicals – a function of this week’s stream of somewhat sluggish data out of Europe. Friday brings more potentially market-moving data out of Europe and Britain.

France Consumer Spending (MoM) rises to 1.4% in November from -0.1% in October

EUR/GBP bouncing but new down trend is under way; 0.8299 is next target

France Gross Domestic Product (QoQ) down 0.1% in 3Q