a surprise jump in PMI data<\/a>. The composite PMI rebounded above 50 to 53, its highest level in 9-months. Expectations had been for a rise to 48.7 from 48.5 in January.<\/p>\nThere is no high impacting UK economic data today.<\/p>\n
The euro fell yesterday after Putin supports escalation of the Ukraine war in an annual speech.<\/p>\n
Data in the region was upbeat, but failed to lift the common currency. The eurozone PMI rose to 52.3, up from 50.3. German ZEW economic sentiment also beat forecasts.<\/p>\n
Today German inflation data and IFO business climate data are in focus. Inflation is expected to cool and business sentiment rise.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling after three days of gains. The pound rose yesterday after a surprise jump in PMI data. The composite PMI rebounded above 50 to 53, its highest level in 9-months. Expectations had been for a rise to 48.7 from 48.5 in January. There is no high impacting UK […]<\/p>\n","protected":false},"author":163946598,"featured_media":5501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-113936","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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