The French economy squeezed by 0.1% in Q3. This is below expectations. France was expected to report GDP growth of 0.1% in the preliminary report for Q3. The second largest economy in Europe grew by a strong 0.5% in Q2, after two consecutive quarters of contraction. Year on year, the economy grew by only 0.2%.
EUR/USD was trading on high ground towards the publication: around 1.3470 and initially seems indifferent to the publication. Is it waiting for the German release?
France will later release the quarterly change in jobs and CPI. Both don’t carry positive expectations.
The euro-zone’s fourth largest economy, Spain, has already released its Q3 numbers, and the economy grew by 0.1%. Germany, Italy and the whole euro-zone are next up today.Get the 5 most predictable currency pairs