Employment in the Eurozone fell for the fifth consecutive quarter by 0.5%, this means somewhere in the region of 712,000 more people were out of work between the months of July and September.
Recently it was stated that the Eurozone is slowly coming out of recession, but these figures show that it will be a long, drawn out process.
Suprisingly Sterling closed today weaker then it had finished Friday? It really does make you ask the question that is the Pound cant gain ground on the back of very negative Euro data what will happen on the back of a positive Eurozone release??
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About me...
- Stephen Hughes
- Stephen joined Foreign Currency Direct plc in December 2003 as an Executive Dealer and was appointed Associate Director in March 2008 and Director in February 2009 following a successful progression through the ranks of the Dealing Floor from Senior Executive Dealer, Team Leader and Strategic Planner. Stephens all round knowledge of the company and the foreign exchange industry has been invaluable to FCD's growth and development placing Foreign Currency Direct as one of the UK's leading foreign exchange brokerages. Stephen is often the voice of FCD in radio interviews and is regularly quoted in national and trade press. Recently he was invited to be part of the Financial Times weekly podcast as their currency expert and has been quoted widely in publications such as The Times, The Telegraph, Daily Mail and Daily Express.
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The contents of this report are for information purposes only, and represent the personal views of the author.It is not intended in any way as a recommendation to trade, nor does it construe advice whether to buy or sell.No responsibility can be held arising from any loss following consideration of this information.This blog only contains the Daily Market Report, published here daily from Foreign Currency Direct. To visit our main website, please click here.For the best exchange rates for the Euro, the US Dollar, and all the major currencies that you may need, please click on the link below or just email me
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