Eurozone activity accelerates and political risk ebbs - AmpGFX

Sandeep Kanihama FXStreet Contributor

Greg Gibbs, Director at Amplifying Global FX Capital, notes that in contrast to ebbing in the preliminary USA Markit manufacturing report, the Eurozone index rose to a new high since 2011.

Key Quotes

“Furthermore its service sector PMI also rose to a high since 2011, pointing to faster GDP growth. (Reported on Friday 24-March).”

“Political risk ebbs

The risk of a Le Pen victory in the French election (1st round 23 April/ 2^nd round (if needed) 7 May) has slipped significantly over the last month. Emmanuel Macron (En Marche) has risen to near 70% probability of winning implied by the betting market, Marine Le Pen’s chance has edged lower to 24%.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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