Flash: GBP/USD up move shows signs of fatigue - Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank notes that while she note that GBP/USD continues to accelerate higher and indeed this has been for more aggressive than she had anticipated, it is still regarded as a correction only.
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EMU: Current Account surplus narrows to €16.9B in July

The Eurozone Current Account surplus s.a. narrowed to €16.9B in July from €19.8B in June, according to data released by the European Central Bank. Market consensus pointed to slightly less decrease to €16.5B.
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