Latest data released by ZEW - 16 October 2018
- Prior 76.0
- Expectations -24.7 vs -12.0 expected
- Prior -10.6
- Eurozone expectations -19.4 vs -7.2 prior
Continued deterioration in sentiment for the German and Eurozone economies and that isn't something that bodes well for investor outlook moving forward. According to ZEW, expectations are dampening as a result of intensifying trade dispute between US and China. They also mention that the dangers of a "hard Brexit" are also weighing on economic and export expectations.
Not a release that will influence the euro all too much on the day but certainly something to consider moving forward. Waning investor sentiment/confidence isn't a good thing and that will feed into the economy over time. EUR/USD sits near flat levels on the day at 1.1582 with EUR/GBP near the lows at 0.8774 currently.
