This week, investors will have a chance to see how the U.S. economy performed in the second quarter. Friday’s GDP report is expected to show that the economy rebounded in the three months to June, boosted by an increase in consumer spending.
GBPUSD (1.3133) • President Trump seems to have taken a leaf out of the Miley Cyrus book of diplomacy and came into the UK like a wrecking ball. A wide-ranging interview with The Sun tabloid newspaper,
EURUSD (1.1706) • German industrial production rose 2.6% M/M in May, way ahead of the +0.3% rise expected. The positive run of Eurozone data in the past few weeks should bolster expectations that the economy is poised to rebound after a lull in Q1,