At 09:55 (GMT+2), the German Services Business Activity Index for July will be published, which is an indicator calculated on the basis of a survey of purchasing managers of non-manufacturing companies, assessing their attitude to the current economic situation and prospects for further development. If on a monthly basis it falls from 50.1 points, and the composite value — from 50.3 points, this will act as a driver of the downward dynamics of the euro exchange rate.
