GBPJPY
General Perspective.
Record slowdown
While Trump seeks to minimize the damage to the U.S. economy, over in Europe projections released by the European Commission this morning suggest the euro-area region is set for a record 7.7% contraction this year. Differing growth rates among countries in the common-currency area could put the future of the euro at risk, it warned. Yesterday's German court ruling is also adding to uncertainty over whether the response from the ECB can remain as effective as it has been to date.
General Perspective.
Record slowdown
While Trump seeks to minimize the damage to the U.S. economy, over in Europe projections released by the European Commission this morning suggest the euro-area region is set for a record 7.7% contraction this year. Differing growth rates among countries in the common-currency area could put the future of the euro at risk, it warned. Yesterday's German court ruling is also adding to uncertainty over whether the response from the ECB can remain as effective as it has been to date.
