consumer confidence falling<\/a> -21 from -19. Economists had been expecting a rise to -18.<\/p>\nThe data comes after stronger-than-expected PMI data came in above forecasts, suggesting that the UK economy is already out of a recession.<\/p>\n
The euro trades lower after German GDP contracted -0.3% QoQ in Q4. Meanwhile, the German GFK business climate ticked higher in line with forecasts at 85.5, up from 85.2.<\/p>\n
The data comes following German PMI figures yesterday which highlighted the downturn in the manufacturing sector as national and domestic demand tumbled.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising for a second straight day. The pound is rising despite consumer confidence falling -21 from -19. Economists had been expecting a rise to -18. The data comes after stronger-than-expected PMI data came in above forecasts, suggesting that the UK economy is already out of a recession. The […]<\/p>\n","protected":false},"author":163946598,"featured_media":5599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-115787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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