SGM-FX insights
Our Daily Brief provides insights into the news and views driving today’s foreign currency exchange rates.
Flash Q4 reading update
Euro-zone GDP growth was revised down to 0.4% in the updated flash Q4 reading from the provisional 0.5% which will tend to dampen expectations that the Euro-zone economy is gaining momentum. There was also a weaker than expected reading for the German ZEW investor sentiment index, although the overall market impact was limited.
EU Commission revised its 2017 Euro-zone GDP growth forecast
SGM-FX
Tue 14 Feb 2017
The EU Commission revised its 2017 Euro-zone GDP growth forecast marginally higher to 1.6% from 1.5% previously, although this was still lower than the 2016 outcome and the underlying tone remained generally downbeat with a high degree of uncertainty over both domestic and US developments. The inflation forecast for this year was revised higher […]
