Germany: ZEW indicator is expected to edge lower - Rabobank

Piotr Matys, EM FX Strategist at Rabobank, suggests that the Germany’s ZEW indicator is expected to edge lower from 57.6 in August to 56 in September.

Key Quotes

“The indicator fell sharply to 49.8 in July mainly on the back of increased uncertainty caused by the outcome of the UK referendum held in June before bouncing back to 57.6 in August.”