Latest data released by ZEW - 11 December 2018
- Prior 58.2
- Expectations -17.5 vs -25.0 expected
- Prior -24.1
- Eurozone expectations -21.0 vs -22.0 prior
Current conditions slumped once again as rain clouds continue to sit atop the German economy and economic sentiment clearly reflects that. Although there is a bit of a bump higher in expectations/outlook, ZEW states that there are still lingering concerns surrounding both the German and Eurozone economies moving forward.
With global trade tensions still unresolved and potential auto tariffs to come, that's hardly surprising. EUR/USD holds steady at the highs for the day at 1.1387 now while EUR/GBP is a little lower on the day at 0.9016.
