Pound euro exchange rate: GBP flat as German consumer confidence shaken

The GfK consumer confidence index fell for the second consecutive month from 10.1 to a lower-than-forecast 9.8. The survey showed that confidence has been shaken by concerns that thousands of jobs could be at risk due to German carmakers being embroiled in trade tensions. This dampened sentiment in the single currency, leaving the euro flat against Sterling.  Commenting on the data, Rolf […]

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The Latest: German industry group: Brexit chaos is absolute

Anti-Brexit demonstrators wave EU flags on a bus driving by Parliament Square in Westminster, London, Friday, March 29, 2019. Pro-Brexit demonstrators were gathering in central London on the day that Britain was originally scheduled to leave the European Union. British lawmakers will vote Friday on what Prime Minister Theresa May’s government described as the “last chance to vote for Brexit.” […]

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Industry must ensure new aircraft meet regulations, says FAA's acting chief

Boeing 737 Max plane makes emergency landing at Orlando airport A Southwest Boeing 737 Max plane on Tuesday had to make an emergency landing at Orlando International Airport. Former corporate pilot Anthony Roman with reaction. The aviation industry, not the Federal Aviation Administration, is in charge of ensuring new aircraft meets federal regulations, the agency's acting chief is slated to tell […]

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EUROZONE BLOW: Car sales PLUNGE for firth straight quarter – EU alarm bells ringing

Figures released by the European Automobile Manufacturers Association revealed passenger car registrations dropped 4.6 percent compared to the same month last year to 1.23 million vehicles. Sales were down in the sectors largest markets – 1.4 percent in Germany (265,702 new passenger car registrations), -1.1 percent in France (155,079), -.1.6 percent in the UK (161,013), -7.5 percent in Italy (164,864) […]

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Bitcoin: Is cryptocurrency building up to something big?

In fact, rather than delivering some deeply thoughtful riddle that would unlock the secrets of cryptocurrency, he would probably be tempted to give it a swerve for something simpler… like the meaning of life, for instance. Cryptocurrency is, and always has been, an unpredictable puzzle. And, right now, it is at its most puzzling. To the untrained eye, the markets have […]

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Pound euro exchange rate: GBP/EUR falls on Brexit deadlock German economy avoids recession

Carsten Brzeski, a Chief Economist at the German ING, remained hopeful, however, saying: “The GDP components provide interesting insights: the German economy is in a better shape than its current reputation… However, in a couple of months, the German economy should be able again to show its true colours.” EUR sentiment improved slightly yesterday in reaction to the European Central […]

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