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1 Euro Coin Falling

German Recession Fears Remain despite Upbeat Eurozone Data

The eurozone posted a raft of impressive data this week which included positive services and manufacturing PMI numbers. French and German services posted readings of 53.3 and 54.4 against targets of 52.5 and 54.1, both exceeding their anticipated levels. Despite these fears are growing for Germany's economy which now appears to be on the brink of a technical recession. Eurozone…

The Dematerialization Of Money, Euros Are Dematerialized On A Black Background.

Euro down Hits New Lows as Rates Are Held Steady

The ECB kept its interest rate level steady at 0% this week despite ambition from investors that the European Central Bank would look to kick start the economy again. Mario Draghi did, however, confess that the ECB would strongly consider rate cuts in future meetings but stated that a negative rate cut hadn’t been considered for this ECB meeting but…

Euro And US Dollar Bills

EUR/USD Falls as FED and ECB Are Expected to Cut

Although poor data from the eurozone has punished the single currency recently, rates are currently being more guided by the moves made and measures taken by central banks rather than data as the emphasis on monetary policy becomes more crucial. This week the Euro zones data disappointed once again and increased the possibility of ECB cutting interest rates with the…

Highway Board, Options HARD Or SOFT BREXIT

Pound Gains against Both Euro and the Dollar as UK Government Looks to Move for a Softer Brexit

Ahead of Monday's House of Commons indicative votes, Sterling posted gradual and steady gains against many major currencies as investors tried to do the impossible and predict the likely outcome of the tonight’ critical Brexit votes. As of writing the Pound to Euro exchange rate is +0.56% higher at €1.166 today and Pound to US Dollar is +0.65% higher at…

EUR/USD Struggles to Keep Momentum Despite Early Gains

Despite a positive couple of days, there EUR/USD pair has struggled to keep momentum and experienced moderate losses on 27th February 2019. Before the loss, the European Commission’s Business and Consumer Survey highlighted that was an improvement in the Consumer Confidence Index, which had increased to -7.4 in February from -7.9 in January. The Services Sentiment Index and Business Climate…

Euro Coins Piles On Europe Map With British Pound Sterling Coins

Dream for Euro Buyers as Sterling Breaks out to past 1.15

Sterling hit new 2019 high passing 1.15 comfortably on Friday and held - Hard brexiteers see May's Brexit deal as only way for Brexit to occur - Reluctant DUP pledges May deal support subject to Irish backstop amendments - Pound/Euro exchange rate boomed to 1.1483 Thursday, End of week high of 1.1560 - Pound/Dollar followed on the rally at 1.3066,…

European Union Flags In Front Of The Blurred European Parliament In Brussels, Belgium

ECB Warns of Consequences of Disorderly Brexit – Could Brexit Be More Detrimental to Europe’s Economy Than the UK’s?

Early last week the ECB stepped up their warnings about the potential consequences of a disorderly Brexit and the likelihood of a no-deal Brexit. The ECB’s speech came just a day after UK parliament rejected Theresa May’s Brexit deal. The bleak outlook was shared by the Austrian central bank governor Ewald Nowotny who warned that the continual uncertainty could upset…

German Flag And Economy Charts

The Largest Economy in Europe, Germany, Falls in to Unexpected Recession

The German industry shocked everyone as it plummeted by -1.9% in November Economists say Europe's largest economy may enter a recession Production slumped to -4.6%, the worst since 2008 An unstable Germany could further affect fragile Italian and Greek markets Europe’s largest and strongest economy, Germany is potentially falling into recession as industrial production unexpectedly stunned traders and this week…