European Market Update: Equities Slump Despite Better Than Expected IFO Reading

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Sep 26, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    EUR/USD trading sharply higher post better than expected IFO data, continuing the momentum seen in last week's trading; EUR/USD up around 10 ticks post-IFO release. Further downside pressure seen in GBP/USD; Prime Minister Teresa May last week reiterated her government would not invoke Article 50 to leave EU before the[​IMG]

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