Euro Zone March manufacturing orders rose an impressive +3.3% m/m, much stronger than the median forecast calling for a -1.0% contraction, and the first rise in seven months.
Risk appetite has been ratcheted higher on the news, EUR/USD advancing to 1.3340 at writing. Sterling has gotten an even bigger boost, presently testing 1.5195/00 technical resistance with buy-stops above 1.5180 having been triggered.
