EUR/GBP loses ground to around 0.8585 in early European trade after Destatis July industrial production fell 1.1% m/m. Consensus +0.3% and Destatis-side forecast +0.1% are both quoted; they are not averaged.
EUR/GBP loses ground to around 0.8585 in early European trade on Monday after soft German industrial production.
Destatis showed July industrial production −1.1% month on month. Primary consensus on this page is +0.3%. The Destatis-side forecast on the broader tape is +0.1%. Both are quoted. They are not averaged. The prior month was revised to 0.0% from +0.2%. Year on year, activity fell 1.6% in July versus a 0.5% decline in June on the same page.
The ECB is widely expected to raise the deposit rate by 25 bp from 2.25% to 2.5% on Thursday — Capital Economics’ Andrew Kenningham on this wire: the governing council “looks certain” to do so.
For the Destatis print and the EUR/USD reaction, see German IP July miss and EUR/USD ~1.1610.
Eurozone Sentix Investor Confidence at 5.1 in September is a separate sentiment print — distinct from this German IP / EUR reaction tape.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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EUR/USD hovered just above 1.1610 at the European open Monday despite Germany’s July industrial production falling 1.1%. Destatis forecast +0.1% and a separate consensus at 0.3% are both quoted.
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