European Session – Euro hits 4-month high versus pound after UK inflation data
Posted on July 16, 2013 at 11:54 am GMTThe euro began the European session by falling against the dollar as a result of weak data showing the number of new cars registered in the Euro zone fell in June by the biggest amount since 1996, and comes after May’s registrations reached a 20-year low. The European Automobile Manufacturers’ Association reported a decline by 6.3 per cent year-on-year to 1.175m. Later in the session, Germany’s forward looking ZEW investor sentiment survey for July missed forecasts for July and the [..]