Latest data released by ZEW - 16 April 2019
- Prior 11.1
- Expectations 3.1 vs 0.5 expected
- Prior -3.6
- Eurozone expectations -4.5
- Prior -2.5
Once again, current sentiment continues to fall while outlook continues to grow slightly more optimistic once again. ZEW notes that the improvement in the economic outlook is largely based on hope that the global economic environment will develop less poorly than previously assumed. A minor data point though and I wouldn't be too sure that the economic outlook looks set to improve in H2 2019.
EUR/USD holds steady at 1.1305 currently, still trapped in a narrow range on the day.
