The benchmark French CAC 40 is currently down 14.70 points or 0.33% at 4,454, the German DAX is down 14.53 points or 0.15% at 9,994 and the
German industrial production declined unexpectedly in May at the sharpest pace since
Industrial output fell 1.8% in May from the prior month. This was the third consecutive fall and the biggest since
The pound fell to a 4-day low of 174.71 against the yen, from an early high of 175.23. At last week's close, the pound was trading at 175.12 against the yen. If the pound extends its decline, it is likely to find resistance around the 173.16 area.
The preliminary data from the
Pulling away from an early multi-year high of 0.7913 against the euro, the pound slipped to 0.7933. The pair was quoted at 0.8002 at last week's close. The pound may find support around the 0.84 region.
The survey figures from the think-tank Sentix showed that Eurozone investor sentiment recovered to a more-than-expected figure in July after weakening in the previous two months. The Sentix indicator rose to 10.1 from June's 8.5. Economists had forecast a lower score of 7.7.
The pound which ended last week's deals at 1.7157 against the US dollar dropped to 1.7138. This may be compared to an early high of 1.7166. The pound-greenback pair closed last week's deals at 1.7157. Continuation of bearish trend may lead the pound to a support around the 1.69 mark.
Against the Swiss franc, the pound dropped to 1.5321 from an early multi-year high of 1.5366. The pair was quoted at 1.5340 at last week's close. If the pound extends its decline, it may find support around the 1.51 region.
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