10 Aug

Euro confidence up

Results of the Sentix investor confidence survey released this morning show confidence in the eurozone has risen to -17 in August, an improvement on the -31.3 recorded last month.

This news comes alongside positive French industrial production figures and rising manufacturing and confidence levels in the UK. The US unemployment rate, which came in at 9.4% having fallen from last month, is the most positive indication yet that the world's largest economy could be poised on the verge of recovery.

Euro foreign exchange rates are currently trading at USD1.42 and GBP0.85.

The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.