Latest data released by Eurostat - 28 March 2019
- Economic confidence 105.5 vs 105.9 expected
- Business climate indicator 0.53 vs 0.68 expected
- Industrial confidence -1.7 vs -0.6 expected
- Services confidence 11.3 vs 12.0 expected
Prior month's release can be found here. The key takeaway here is yet another dip in economic confidence as the reading falls to its lowest level since October 2016. Other readings also missed on their respective expectations as confidence levels towards the region's economy continues to fade.
EUR/USD holds steady at 1.1255, with its trading range still relatively narrow today. EUR/GBP is higher at 0.8560 as the pound is on the back foot with no solution in sight for the current Brexit deadlock in Westminster.
