An unexpected fall in German business confidence according to the IFO institute.
Business climate fell to 109.8 points.
The Business Expectations figure dropped to 103.2 and only the Current Assessment measure came out within expectations at 116.9 points.
All in all, we see the worries about the future but no change in the current situation. EUR/USD seems to [...]
via Forex Crunch
Wednesday, January 25, 2017
Tuesday, January 24, 2017
[FOREX NEWS] GBP/USD sells with UK Supreme Court decision
The UK government must pass Article 50 through parliament, as it is a change of UK law.
This is the opinion of 8 justices against 3. The majority explains the decision by saying that the exit from the EU affects the rights of the people.
The dissenting three members see the government’s prerogative. So, the ruling states that [...]
read more at Forex Crunch
This is the opinion of 8 justices against 3. The majority explains the decision by saying that the exit from the EU affects the rights of the people.
The dissenting three members see the government’s prerogative. So, the ruling states that [...]
read more at Forex Crunch
[FOREX NEWS] German PMIs mixed – EUR/USD wobbles
Markit’s manufacturing PMIs for Germany beat early estimations by hitting a score of 56.5. However, the services sector came out at 53.2 points, below expectations. The composite is slightly lower than forecast. EUR/USD holds its ground and does not go very far in the immediate aftermath. The first purchasing managers’ indices from Germany were expected to remain in [...]
via Forex Crunch
via Forex Crunch
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