EMU: Annual Industrial Production surprises to the downside in July

Year-over-year Eurozone Industrial Production w.d.a. declined by 2.1% in July, down from the 0.4% decrease registered the previous month, according to data released by Eurostat. Analysts expected much less fall of 0.1%.
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EUR/GBP falls to critical 0.8400 support

The EUR/GBP technical cross took an unwelcome turn down to the 0.8400 region on the heels of EMU data Thursday.
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