Latest data released by Markit/BME - 23 November 2018

  • Prior 52.2
  • Services PMI 53.3 vs 54.5 expected
  • Prior 54.7
  • Composite PMI 52.2 vs 53.1 expected
  • Prior 53.4

The composite reading falls to its lowest since December 2014 as factory activity and services sentiment continues to dip further in the German economy. This continues to highlight continued sluggish growth in the economy and that's not good news for those hoping for a Q4 rebound in the Eurozone economy.

EUR/USD falls to a low of 1.1380 on the back of the release here from around 1.1400 levels.