Tag Archives: Eurozone economy

The Eurozone’s economy experienced a slight uptick in the second quarter, growing by 0.3%, as reported by Eurostat on Tuesday. This growth exceeded economists’ expectations and matched the growth rate from the previous quarter. However, underlying issues and a slew of pessimistic surveys suggest a challenging outlook for the remainder …

According to a survey of managers and consumers, confidence in the eurozone economy unexpectedly declined in February as attitude soured across all sectors.According to a forecast survey released by The Wall Street Journal, the eurozone sentiment indicator, an overall measure of business and consumer confidence, defied the tiny gain projected …

On Tuesday, the EUR/GBP pair rose by 0.50% to hit 0.8565. The Q4 GDP numbers for the Eurozone exceeded expectations, but the daily chart clearly shows bearish weariness. As monetary policy differences with the European Central Bank have pushed the cross lower in the previous sessions, the Bank of England’s …