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EMU: ZEW Survey – Economic Sentiment climbs more than expected in February

Eurozone Survey – Economic Sentiment rose to 42.4 points in February, from 31.2 points the previous month, the Zentrum für Europäische Wirtschaftsforschung reported on Tuesday. Market consensus pointed to less increase to 35.5 points.

Forex: EUR/GBP in quick comeback to 0.8630 after ZEW survey

The British Pound is trading overall stronger than the Euro today, which is putting the EUR/GBP below its opening price. However, improving figures in the ZEW survey brought the cross back to flat line at 0.8630, before easing back down. As of writing, the EUR/GBP trades at 0.8624.
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EMU: Construction Output declines 1.7% in December

Eurozone Construction Output s.a. fell for the fourth running month in December by 1.7%, following a 0.4% drop the previous month, according to data released by Eurostat.
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