There has been mixed rhetoric from the EU regarding the latest round of Brexit talks. They’ve said that “serious differences” still remain between the two sides. However, EU officials added, “one positive is that the UK now appears to understand our position more clearly on the areas of disagreement”.
The Euro Area seasonally adjusted unemployment rate edged up to 7.4 percent in May 2020, remaining close to March’s record low of 7.1% and below market expectations of 7.7%.
We’ve seen some more data released for the Eurozone this morning, with Services PMI beating expectations and coming in at 48.3. German Services PMI was similar, showing a big improvement but remaining in contraction territory. However, French Services PMI came in at 50.3, proving that the sector is growing slightly after three months of reductions.
