The euro was weaker against the pound yesterday and trading around the same levels against the dollar. Worries of how the global energy crisis will affect Europe during the winter months are weighing on the single currency. Reports this morning reveal that gas prices have surged to new highs.
Data released this morning showed that German factory orders plummeted by 7.7% in August,
A series of PMI figures were released for the Eurozone yesterday morning, coming in slightly above expectations. However, the figures revealed the slowest growth in private sector activity in five months, with shortages impacting the services and manufacturing sectors.
