Eurozone activity accelerates and political risk ebbs - AmpGFX

Greg Gibbs, Director at Amplifying Global FX Capital, notes that in contrast to ebbing in the preliminary USA Markit manufacturing report, the Eurozone index rose to a new high since 2011. 

Key Quotes

“Furthermore its service sector PMI also rose to a high since 2011, pointing to faster GDP growth. (Reported on Friday 24-March).”

“Political risk ebbs

The risk of a Le Pen victory in the French election (1st round 23 April/ 2^nd round (if needed) 7 May) has slipped significantly over the last month.  Emmanuel Macron (En Marche) has risen to near 70% probability of winning implied by the betting market, Marine Le Pen’s chance has edged lower to 24%.”