Yesterday’s trade saw EUR/GBP within the range of 0.7374-0.7429. The
pair closed at 0.7390, down 0.14% on a daily basis, which marked a third
consecutive daily loss.
At 7:16 GMT today EUR/GBP was up 0.03% for the day to trade at 0.7392. The pair touched a daily high at 0.7395 during early Asian trade.
In October last year the index entered into negative territory for the first time since November 2012, slipping to -3.6.
The ZEW (Zentrum für Europäische Wirtschaftsforschung) economic expectations index is published on a monthly basis. The study encompasses up to 350 financial and economic analysts. The indicator reflects the difference between the share of analysts, that are optimistic and those, that are pessimistic about the expected economic development in Germany over the next six months. A positive value indicates that the proportion of optimists is larger than that of pessimists. A ZEW reading of -100 suggests that all analysts are pessimistic about the current developments and expect economic conditions to deteriorate. A ZEW reading of 100 implies that all analysts are optimistic about the current situation and expect conditions to improve. A ZEW reading of 0 indicates neutrality.
Read more at Click here / www.trade4x.net
At 7:16 GMT today EUR/GBP was up 0.03% for the day to trade at 0.7392. The pair touched a daily high at 0.7395 during early Asian trade.
Fundamentals
Euro area
Economic Sentiment by the ZEW
The gauge of economic sentiment in Germany probably improved to 55.0 in February, according to the median forecast by experts, from 48.4 in January. If so, this would be the highest index reading since February 2014, when it was reported at 55.7.In October last year the index entered into negative territory for the first time since November 2012, slipping to -3.6.
The ZEW (Zentrum für Europäische Wirtschaftsforschung) economic expectations index is published on a monthly basis. The study encompasses up to 350 financial and economic analysts. The indicator reflects the difference between the share of analysts, that are optimistic and those, that are pessimistic about the expected economic development in Germany over the next six months. A positive value indicates that the proportion of optimists is larger than that of pessimists. A ZEW reading of -100 suggests that all analysts are pessimistic about the current developments and expect economic conditions to deteriorate. A ZEW reading of 100 implies that all analysts are optimistic about the current situation and expect conditions to improve. A ZEW reading of 0 indicates neutrality.
Read more at Click here / www.trade4x.net
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