French trade and c/a data for January 2016
- -€3.68bln prev revised up from -€3.943bln
- c/a balance €-1.4bln vs -€0.4bln prev revised up from -€0.7bln
- budget balance YTD -€9.2bln vs -€70.5bln prev
And the good news just keeps on coming for the Eurozone!
France has run a trade deficit every month since May 2004 with the largest being posted in April 2011 at -€7bln
EURUSD higher but off fresh highs of 1.1038 but EURGBP lower again at 0.7734 dragging GBPUSD back up to 1.4263 from 1.4242 after the 1.4276 highs a short while ago.
I said we'd see some good two-way business. Keep up at the back!
