Euro DRAGGED DOWN by Germany and France as manufacturing sector continues decline

THE euro was dragged down by disappointing manufacturing data from Germany and France today with the single currency falling against the pound.

This morning saw the release of the latest flash PMI manufacturing data, with both Germany and France failing to pick up pace from a recent slump in the eurozone economy. Germany came in weaker than expected with a reading of 44.5 in April, well below the 50.0 mark separating growth from contraction. The figure made for disappointing reading for the largest economy in Europe, despite it being slightly up on the previous month, which came in at 44.1. Meanwhile, the flash France manufacturing...
source: Express

2019-04-18 12:23
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