EUR Trading Outlook (16-08-2011)

The Euro (EUR) the Euro surged above 1.4400 with the rally in global stocks extending for a third day. The market is awaiting some key economic data out today and news from French/German talks currently being held. EUR/GBP is back above 0.8800 with the Euro enjoying broad based strength and support. Looking ahead, Q2 GDP forecast at 0.3% vs. 0.8% previously.

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