Germany ZEW Survey - Economic Sentiment improves more than expected to 26.3 in July

German ZEW Survey - Economic Sentiment arrives at 26.3 in July, beating the estimates of 18.0 and the June reading of 10.5.

The ZEW Survey - Current Situation improve to -77.6 from the previous reading of -81.0.

In the Eurozone, the ZEW Survey - Economic Sentiment also improved significantly. The sentiment data arrives at 23.4, higher than estimates of 11.2 and the prior release of 9.5.

British Pound: Sterling trades in a broad range against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang judges GBP/USD price action as range-bound after an unexpected intraday spike and sharp drop. The pair is now expected to hold between 1.3400 and 1.3460 in the short term, with a broader 1.3385–1.3495 range for the coming weeks.
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GBP/USD Price Forecast: Tests nine-day EMA support near 1.3400

GBP/USD remains weaker for the fourth consecutive day, trading around 1.3430 during the European hours on Tuesday. The technical analysis of the daily chart indicates a prevailing bullish bias as the pair remains within the ascending channel.
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