Sterling's Strength May Not Last -- Market Talk

Sterling's recent gains reflect sticky U.K. inflation, limited market pricing of Bank of England interest rate cuts and a weaker dollar after softer U.S. prices data but this strength may not last, ING says. "We are still officially looking for three BOE rate cuts this year (versus two currently priced) and when the U.K. data allows it, we think sterling will come lower," ING analyst Chris Turner says in a note. The BOE's August meeting will be the first big opportunity since the U.K. general election to hear what it's really thinking, which is another "downside risk" to sterling, he says. Sterling rises 0.1% to $1.2923 against the dollar and the euro falls 0.1% to 0.8425 versus sterling.

WSJJul 22 04:35 ET

Germany's Chemical Sector Sees Faltering Business Climate in June, Ifo Data Shows

The business climate in Germany's chemical industry worsened in June after four straight months of growth due to a decline in order backlog and demand for chemicals, the ifo Institute said Monday.

MT NewswiresJul 22 04:25 ET

Retail Trader Sentiment Analysis – FTSE 100, GBP/USD, and EUR/GBP

DailyFXJul 22 03:54 ET

Eurozone Businesses Expect Wage Growth Slowing, ECB Survey Finds -- Update

Eurozone businesses expect wages to rise at a slower pace this year and next, a finding that will help reassure policymakers at the European Central Bank that inflation has been tamed.

WSJJul 19 05:41 ET

ECB: Forecasters Revise Inflation, GDP Expectations in Q3

Professional forecasters updated their eurozone inflation and real gross domestic product growth expectations in the third quarter, according to a quarterly survey by the European Central Bank published Friday.

MT NewswiresJul 19 05:35 ET

ECB Policymakers Back More Rate Cuts as Inflation Heads Back to Goal

Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB's goal next year.

Yahoo FinanceJul 19 05:21 ET