Euro weakened slightly against the pound and dollar yesterday evening, but has otherwise had a stable few days. Today, we will see the ZEW economic sentiment index for April, expected to come in worse than the previous month, from -2.5 to -7. It’s a sign of the continued slowdown that the Eurozone – and wider global economy – is experiencing. It will be interesting to see the German economic sentiment index, released at the same time. A further drop is also expected.

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