ECB Vice President Luis de Guindos expressed confidence that inflation is on track to reach the 2% target “the end of this year or the beginning of next.” He added that “all indicators for services and underlying inflation are moving in the right direction.” However, he warned that uncertainty in the global economy is “even […]
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A set of Chinese data released earlier today looked better-than-expected; the fixed asset investment unexpectedly accelerated in February, growth in industrial production slowed less than expected – a slowdown due to the Chinese new year Read more…
In focus this week The main spotlight of the week will be on news regarding the negotiations of the German fiscal package. The package is scheduled to be passed in the Bundestag on Tuesday and Read more…
Daily Pivots: (S1) 0.8378; (P) 0.8403; (R1) 0.8435; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen. Further rally is expected as long as 0.8358 minor support holds. Read more…