French GDP plummets by 5.8% in Q1, worse than expected

France reported a plunged of 5.8% in its Gross Domestic Product in the first quarter of 2020, worse than a quarterly fall of 4% expected. Year on year, output shrank by 5.4%, more than a 3.6% forecast. That is the worst quarter on record and the spring quarter will likely be worse.

The eurozone's second-largest economy imposed a nationwide lockdown in mid-March and will only relax them in mid-May. 

EUR/USD is trading around 1.0863, steady in range.