The EUR/GBP cross loses ground to around 0.8585 during the early European trading hours on Monday. The Euro (EUR) attracts some sellers against the British Pound (GBP) following the German economic data.

Germany’s Industrial Production declined 1.1% Month-on-Month (MoM) in July, the latest data published by Destatis showed on Monday. This figure came in below the market consensus of a 0.3% growth and slower than the previous reading of 0% (revised from 0.2%).

German Chancellor Friedrich Merz warned of further losses of industrial jobs in Germany amid the crisis at Volkswagen.

Shares of Verizon Communications Inc. (NYSE:VZ - Get Free Report) have been assigned an average rating of "Hold" from the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. Twelve analysts have rated the stock with a hold recommendation and eight have assigned a buy

PPG Industries, Inc. (NYSE:PPG - Get Free Report) has received an average rating of "Hold" from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average t

German industrial output fell 1.1% in July, mainly due to a 9.2% drop in automotive production, according to the federal statistics office.