Weak fundamental data and geopolitical tensions over the relations between the US and North Korea put pressure on the euro in the first half of the day, but after the release of weak inflation data in the US, buyers of risky assets began to gradually return to the market.

According to the agency of statistics, industrial production in France in June this year continued to decline. This happened because of the decline in production in the manufacturing industry.

Thus, industrial production fell by 1.1% compared with May of this year, while economists expected a reduction in production of only 0.5%. Production in the manufacturing industry decreased by 0.9% compared with May.

Euro immediately rose after it became known that the producer price index in the US in July fell.

According to the US Department of Commerce, the PPI final demand index fell by 0.1% in July this year, while economists forecast an increase of 0.2%. The base index, which does not take into account a number of volatile categories, such as food and energy, fell by 0.1% in July.

Weak report on the labor market in the US did not provide the expected support for the US dollar.

According to the Ministry of Labor, the initial applications for unemployment benefits in the US for the week of July 30 to August 5 rose by 3 thousand, to 244 thousand, while economists expected that the number of applications will be at 240 thousand.

Weak inflation indicators in the US and a number of recent statements by the representatives of the Federal Reserve regarding the preservation of the interest rate at the previous level will clearly not be in favor of the US dollar, the demand for which is currently supported only by the conflict between the United States and North Korea.

The British pound managed to return from the weekly lows after the release of good data on industrial production, which was due to the growth of oil and gas production in the North Sea.

According to a report by the National Bureau of Statistics, industrial production in the UK increased by 0.5% in June this year, while economists expected a 0.2% decline in production. Compared to the 1st quarter, industrial production in the 2nd quarter decreased by 0.4%.

The volume of production in manufacturing compared with the previous month has not changed.

The shortage of foreign trade in the UK in the second quarter slightly increased, not having a significant impact on the British pound. Growth was due to increased imports. According to the National Bureau of Statistics of Great Britain, the deficit in trade in goods rose to 34.4 billion British pounds from 34.3 billion pounds in the first quarter.

As for the technical picture, the British pound's exit beyond the upper limit of the channel 1.3015 will lead to a larger upward trend with the update of such levels as 1.3050 and 1.3090.