The European Council President is expected to propose a more modest EU budget this week. The Council is hoping EU leaders will agree to it at a summit later this month but wrangling over how best to help the weaker members from the Covid-19 pandemic will likely continue. Unless the EU governments can sort out their disagreements soon, a drop is likely in EUR/USD in this year’s third quarter. more...
Originally Posted by TheNews Germany's investor confidence rebounded at record rate in June as lockdown restrictions imposed to slow the spread of the coronavirus were eased across Europe, survey data from the ifo institute showed on Wednesday. more...
German economic confidence strengthened to the highest level since 2015, survey results from the ZEW - Leibniz Centre for European Economic Research showed Tuesday. more...
After being confined to trading within a horizontal range between 0.89525 and 0.90607 since December, the Euro is quickly losing ground against the British Pound after a rising support line was breached as anticipated. Not only has EUR/GBP fallen about 2.25% since January 11th, but also the pair achieved its longest daily losing streak since October 9th (5 days). Fundamentally, this has been due to the latest Brexit developments. ...
Eurozone's industrial production grew in October after a slump in the previous month, suggesting that economic growth may gain some steam towards the end of the year, yet remain sluggish. Industrial production rose 0.2 percent from September, when it declined 0.6 percent, which was revised from 0.3 percent. more...
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