Page 9 - ஜெர்மன் தொழில்துறை ப்ரொடக்ஶந் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

GBP/EUR Exchange Rate Heads Higher as the Outlook for the Eurozone’s Economy Darkens The Pound to Euro (GBP/EUR) exchange rate rose by 0.3% today, with the pairing currently trading around $1.108. The Euro (EUR) suffered today after the latest Eurozone Construction PMI for December fell below forecasts to 45.5. With the Eurozone’s construction sector declining for the tenth month, EUR investors are concerned about the bloc’s economic recovery going into 2021. Usamah Bhatti, an economist at IHS Markit, commented: ‘Concerns surrounding the longer-term impact that the pandemic will have on the wider construction sector, alongside a lack of new projects in both the public and private sector being bought to tender resulted in an extension to the pessimistic outlook held by eurozone-based builders for a fifth month in a row.’

United kingdomTim mooreOxford astrazeneca covidUsamah bhattiUnited kingdom national lockdown drag down sterlingExchange rate heads higherRate heads higherEurozone constructionRetail salesVanden houteHeads higherUnited kingdom construction enjoys reboundEconomics directorCould fearsGerman industrial productionFrench trade balance