Major overnight headlines:
• Core sovereign rates generally fall after German & UK data fail to come in significantly better-than-expected
• UK GDP rises 0.6% QoQ in Q2, in-line with expectations
• Germany’s IFO Business Climate Index roughly in-line with expectations in July, Euro area loan growth very weak in June
• Japanese buying of foreign bonds rises again during July 19th week, Bloomberg
Read the full report: FX Strategy
BMO