Euro takes a dive on German Manufacturing Recession

Euro takes a dive on German Manufacturing Recession

EUR The euro is under pressure again this morning after a dismal print for Germany’s Manufacturing Purchasing Managers Index. Yesterday the European Central Bank’s dovish stance once again got justified by the the data as the Final March Consumer Price Index Reading...
Green shoots in Eurozone economy lend hand to EUR

Green shoots in Eurozone economy lend hand to EUR

EUR The single currency weakened against USD yesterday, but is on the offensive again this morning and continues to trade towards the upper bound of last month’s trading range. Both the April German ZEW Economic Sentiment Index and Eurozone February Construction...
US barters for Chinese goodwill

US barters for Chinese goodwill

USD The US dollar traded mixed against the G10 yesterday in what was a relatively muted session. Chicago’s Federal Reserve President Charles Evans made some dovish squawks when he said: “If core inflation were to move down to, let’s just say, 1.5 percent”, that would...
Trade tensions and global growth back in focus this week

Trade tensions and global growth back in focus this week

GBP The UK data calendar makes up for the lack of action in Westminster this week as MPs break for a week-long recess following the 6-month extension reached last week. The UK economy has fared well thus far despite Brexit uncertainty tarnishing business investment,...
Brexit follies and the masters of procrastination

Brexit follies and the masters of procrastination

GBP The whole nation takes a sigh of relief as yet another no-deal exit is avoided and Parliament breaks up for over a week. The lack of Brexit headlines will be a welcome sight, but cross-party talks will continue in the background despite the MPs Easter holiday as...
Brussels gets flexible

Brussels gets flexible

GBP Another 6-months is scheduled in the Brexit timetable with a review period in June. The new deadline, which sits on Halloween’s October 31st, was a hard-fought compromise between EU leaders which were split between allowing no extension and a longer year-long...