Jonathan Cook
on March 20th, 2024 You’d have to go back to before the outbreak of war in Ukraine to find a result as positive as this month’s in Germany’s ZEW Economic Indicator Index. March’s reading was 31.7 (with zero being neutral sentiment) versus expectations of around 21. It’s been a long road, but it seems the mood music in the German economy is improving in tune with the ECB’s interest rate timeline.
GBP/EUR: the past year
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