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Pound to Euro Exchange Rate Close to One-Week Lows as UK/Euro-Zone Performance Gap Narrows

Pound to Euro Exchange Rate Close to One-Week Lows as UK/Euro-Zone Performance Gap Narrows
currencynews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from currencynews.co.uk Daily Mail and Mail on Sunday newspapers.

Pound To Euro Exchange Rate Muted Amid UK Service Sector Slowdown

Eurozone economic pulse quickens thanks to services: Can stocks surge further? | Hellenic Shipping News Worldwide

Eurozone economic pulse quickens thanks to services: Can stocks surge further? | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Eurozone PMI services finalized at 51 5, gradually finding its footing

Eurozone PMI Services was finalized at 51.5 in March, up from February's 50.2, a 9-month high. PMI Composite was finalized at 50.3, up from prior month's 49.2, a 10-month high.

Swiss Franc Plummets on CPI Data Which Fuels Expectations of Further SNB Easing

Swiss Franc faced broad selling pressure in European session, driven by CPI lower than CPI data. Inflation in Switzerland slowed to its lowest since September 2021 at 1.0%, and remained within the SNB's target range for the tenth consecutive month. This development sparked speculation among market participants about the possibility of further monetary easing by SNB, with some expecting a rate cut in each of June and September. SNB had already taken a lead among major central banks by cutting its key rate to 1.5% in March, and more could be in the queue.

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