EUR/USD holds up near 1.0850 in Thursday’s European session following Wednesday’s sharp recovery.

EUR/GBP trades slightly lower during early European hours on Thursday near 0.8360, following strong gains in the previous session.

The fresh inflation print is seen as crucial in judging whether the European Central Bank could consider a half-percentage-point interest rate cut.

Yesterday's GDP data for the third quarter disappointed, especially in Hungary, confirming a return to technical recession, but the data in the Czech Republic was also slightly weaker, below central bank expectations, ING’s FX analyst Frantisek Taborsky notes.

Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.

(Bloomberg) — French inflation came in below the European Central Bank’s 2% target for the second consecutive month, boosting the case for policymakers to quicken the pace of interest-rate cuts.

After two significant declines, German inflation rate rose again in October, from 1.6% to 2.0%.

Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.

The Pound Sterling (GDP) data reports for Q3 from France, Spain and Germany all beat expectations, lifting preliminary Eurozone growth to 0.4% in the quarter, double expectations, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.

The Paris Olympics, sustained “revenge spending” on tourism and surprising strength in German domestic demand help offset a slump in manufacturing.

Eurozone economic growth accelerated in the third quarter, official data showed on Wednesday, beating expectations.

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession. The figures will offer some relief, coming a month after Eurostat revised its data to show the eurozone grew by only 0.2 percent in the second quarter of this year.

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession. The figures will offer some relief, coming a month after Eurostat revised its data to show the eurozone grew by only 0.2 percent in the second quarter of this year.

Economists polled by Reuters expected 0.2% growth following the bloc's 0.3% expansion in the second quarter.

The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday.

(Bloomberg) — The Czech economy expanded less than expected in the third quarter as household consumption continued to recover but exports to key markets, most notably Germany, remained weak.

EUR/USD loses ground after two days of gains, trading around 1.0810 during the Asian hours on Wednesday.