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21 Feb 2013
Forex Flash: European PMI in focus - Societe Generale
Sebastien Galy, Senior FX Strategist at Societe Generale notes that this mornings PMI numbers will be closely watched, at least for Germany, with expectations that Germany should be able to recover.
He writes, “Global economic activity has been picking up even if activity in peripheral Europe is set to stay very subdued. It will likely continue to support EURGBP.”
He writes, “Global economic activity has been picking up even if activity in peripheral Europe is set to stay very subdued. It will likely continue to support EURGBP.”