Tag Archives: German

Pound euro exchange rate: GBP rises as German manufacturing falls deeper into contraction

The pairing was able to edge higher as Germany’s flash Markit Manufacturing PMI figures for March sank deeper into contraction, with a reading of 44.7. Today also saw the release of the French flash Markit PMI figures for the month, which also fell further into contraction at 48.7. These signs …

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Germany CRISIS: German economy growth forecast SLASHED by almost HALF

The growth forecast for Germany has been lowered for the current year after a panel of advisers to the government warned of risks to the already slowing economy. The German Council of Economic Experts for Economic Research has announced it expects gross domestic product (GDP) to grow by only…

https://is.gd/BwLDw8

Pound euro exchange rate GBP/EUR slips despite shock slump in German industrial production

Plummeting car production was one of the major drivers of the unexpected slide in Germany’s industrial production.
Commenting on this morning’s data release, Mizuho Rates Strategist Antoine Bouvet said:
“We have had a lot of sentiment indicators pointing to this, but industrial production is ha…

https://newslanes.com/?p=42182

Pound euro exchange rate: GBP/EUR steadies despite plunging German factory orders

Alexander Krueger, an economist at Bankhaus Lampe, remained stoic, saying: “At the moment it remains the case that the downward trend does not yet contain any potential for causing drama.” Many euro traders, however, are skittish following signs that the Eurozone is slowing, and with the Eur…

https://newslanes.com/?p=41591

Pound euro exchange rate: GBP/EUR steadies despite plunging German factory orders

Alexander Krueger, an economist at Bankhaus Lampe, remained stoic, saying: “At the moment it remains the case that the downward trend does not yet contain any potential for causing drama.” Many euro traders, however, are skittish following signs that the Eurozone is slowing, and with the Eur…

https://newslanes.com/?p=41572

VENEZUELA CRISIS: Maduro government EXPELS German ambassador – ‘persona non grata’

Ambassador Daniel Kriener was declared a “persona non grata” two days after he and diplomats from other embassies welcomed home opposition leader Juan Guaido at Caracas airport. Germany hit back by accusing Venezuela of escalating tensions. Following the decision, the Maduro government said in …

https://newslanes.com/?p=41219

Pound euro exchange rate: GBP/EUR hits 14-month high despite German consumer confidence

The euro failed to make any headway on the pound today despite French consumer confidence for February climbing to its highest since October – the period prior to the ‘Yellow Vest’ protests.
These figures reassured some euro investors that the Eurozone is showing signs of a recovery. However, t…

https://newslanes.com/?p=39512