The Euro Inches Higher on German Economic Sentiment | UK GDP Stagnates in Q3
Published December 10, 2019
The euro is trading higher this morning after a better than expected Economic Sentiment Survey in Germany. The surprise result can be credited with the recent rise in export numbers, giving a glimmer of hope that Germany’s economy can turn it around come 2020.
UK GDP growth was virtually non-existent in Q3 as the Brexit saga continues to constrain the British economy. Despite the troubling data, the pound continues its impressive run higher ahead of Thursday’s UK elections. Markets expect a Conservative majority and hope this will finally bring some certainty to the UK economy that is on course for just 1% growth in 2019.