Eurozone May trade balance report 15 July 2016
– +€25.4bln prev from +€28.0bln
– NSA +€24.6bln vs +€25.0bln exp vs +€27.5bln prev
Slightly softer than expected sees EURGBP breaking down to 0.8296 with EURUSD unchanged and GBPUSD therefore rising. Currently 1.3428.