10:11 AM · 16 August 2022

German ZEW index deteriorated further in August

The ZEW Indicator of Economic Sentiment for Germany fell to -55.3 pts in August from the -53.8 pts in previous month, while analysts’ expectated reading of -53.8 pts. The current conditions subindex deteriorated further to -47.6 from -45.8, the lowest since April 2021.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around recent lows at 1.0125 level. Source: xStation5

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BoE keeps rates unchanged and issues a dovish statement, thereby weakening the GBP⬇️

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