Charles Purdy
on May 4th, 2022 The euro managed to gain some ground against the pound and other currencies towards the end of yesterday, despite poor economic data from Germany.
Data revealed that the number of unemployed people in Germany fell by 13,000 in April, which was less than expected. In the euro area, the unemployment rate dropped to 6.8% in March, which was below expectations of a fall to 6.7%.
Retail sales will be released for the eurozone later today, expected to fall month-on-month and year-on-year in March.
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