Eurozone May trade balance report 15 July 2016
- +€25.4bln prev revised down from +€28.0bln
- NSA +€24.6bln vs +€25.0bln exp vs +€27.5bln prev
- exports SA mm -1.9%, yy +2.0%
- imports SA mm -1.5%, yy-2.0%
Slightly softer than expected sees EURGBP breaking down to 0.8296 with EURUSD unchanged and GBPUSD therefore rising. Currently 1.3428.
