Euro-zone Q3 GDP contracted 0.2% quarter on quarter, with the year on year figure coming in at +0.7%. The numbers are pretty much in line with consensus forecasts of -0.1% and +0.7% respectively. The data confirms that the Euro-zone is offIcially in recession, which will come as a surprise to no one. Meanwhile EUR/USD has steadied a little, presently at 1.2685 from a session low down around 1.2665.