EU GDP, Inflation Breaking News EU economy contracts in Q3 (QoQ). Growth almost flat year on year German data yesterday revealed negative growth – Euro traded higher EU Economy Contracts but Inflation Reveals Signs of Continued Progress Economic growth in the euro zone contracted in Q3, following in the footsteps of Germany yesterday. The 0.1%
Share: EUR/GBP falls from a 5-month high of 0.8754, currently trading at 0.8705. Eurozone inflation drops to 2.9% in October, while GDP for Q3 misses forecasts, contracting by 0.1%. The Bank of England is expected to keep rates unchanged at 5.25% on November 2, as traders priced in rate cuts towards the end
© Reuters. Bank of China Hong Kong (BOCHK) is conducting a pilot project to examine the role of smart contracts in the proposed Central Bank Digital Currency (CBDC) of Hong Kong, using its mobile applications BOC Pay and BOC Bill Merchant App. The pilot aims to integrate point-of-sale functionality to lower technical barriers for merchants,
EUR/USD ANALYSIS USD rebounds. German industrial production withers by 1.5%. Fed speakers under the spotlight later today. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROP After Friday’s rally post-NFP, the euro lost some of its gains as the US dollar regained some support and European growth comes into question once again.
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