All the latest economic and financial news,including new German growth figures and Bank of England governor note Carney appearing at parliamentLatest: London market dragged downGerman exports hit The agenda: MPs to quiz note Carney at 10am
Asian markets down after BHPs £4bn loss
9.46am GMTBloomberg economist Maxime Sbaihi is alarmed by the fall in German commerce confidence this month:CHART: Ifo expectations dooown. Another worrying soft data in euro area. Red flag for recovery momentum. And #ECB. pic.twitter.com/FvDedVOZh4 9.37am GMTThe euro just hit a three-week low, losing 0.3% to $1.0993 against the US dollar.
The single currency is being dragged down by this morning’s feeble German commerce confidence report and the knock-on effect of Britain’s EU referendum (as discussed earlier)EURO FALLS TO 3-WEEK LOW VS DOLLAR, or JUST BELOW $1.10 ... Brexit riskContinue reading...
Source: theguardian.com