EUR dropped as Covid-19 engulfed Europe
The focus of traders’ attention shifted from Brexit and the [...]
Trading news
Britain's CS higher amid conservatism
Britain's CS on the upside
Britain's consumer spending escalated, as the British nation seems to be more conservative amid the Brexit decision.
As per the latest usage data of debit card and Visa credit, the consumer spending, compared to a year ago, climbed 1.6% for the month of July and was higher than June's 0.9% increase.
Britain expects a weaker household consumption
Based on the Bank of England's forecasts, the household consumption will grow at a much slower pace from 2.5% to 1% for 2017, and 0.75% for 2018.
The French economy is likely to expand
The economy of France is expected to expand 0.3% during the third quarter. The French central bank predicted that the industrial sector confidence would likely appreciate to 98 in July, an increase of one point.
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Monday, 08 Aug, 2016 / 12:07
Trading news
Euro under fire as new lockdowns loom
Euro on the chopping block ahead of potential French lockdown [...]
The Dax-30 is heading towards a third consecutive daily close in the red, [...]
