Consumer Confidence. EU, 16:00 (GMT+2)

At 16:00 (GMT+2), the July data on the consumer confidence index in the EU countries is due, based on a survey of 2.3K households assessing the prospects for the economy. It is a leading indicator for consumer spending, its high values indicate consumer optimism, and vice versa. The indicator is likely to correct from –15.3 points to –15.0 points, putting pressure on the euro.

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