Pound v euro: Exchange rate holds steady despite Eurozone business confidence

Pound v euro: Exchange rate holds steady despite Eurozone business confidence
 

GBP/EUR is currently at around €1.127, almost unchanged from this morning’s starting levels, but having slipped back from a high of €1.129 struck earlier.
After initially weakening at the start of the European session following a surprise decline in German factory orders, the euro picked up later in the morning as Eurozone business confidence rocketed to a new record-high.
According to the Eurozone’s Economic Sentiment Indicator (ESI), confidence climbed from 1.49 to 1.66 in December, easily outpacing expectations of a more modest rise to 1.5.
On top of this, the euro was also strengthened... read more

 
8 January 2018 in Business, Views: 44
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