Charles Purdy
on June 8th, 2022 The euro weakened against the pound and strengthened slightly against the dollar yesterday afternoon.
Data released yesterday revealed that German factory orders came in lower than expected in April, showing that the war in Ukraine, ongoing supply constraints pressured by China lockdowns and soaring energy prices are weighing on the German economy.
Later today, GDP growth figures and employment data will be released ahead of the European Central Bank’s monetary policy meeting tomorrow.
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