6
EUR/GBP
Technical long play idea on EUR/GBP
9
Money Rates Decline in Europe on Cash Injections
The cost of borrowing in dollars for three months in London fell for a second day on speculation central-bank cash injections and deeper interest-rate reductions will further thaw the freeze in lending. 10
EU Constructing EU130 Billion Growth Package, Germany Says
The European Commission is working with the 27 EU states on a 130 billion-euro ($164 billion) package to bolster the region's economy amid recession, according to German government officials. 6
Falling Oil Prices Expected to Slow German PPI Growth forOct
With oil prices continuing to fall back from their record highs reached earlier this year, a majority of economists expect German producer price growth to slowed further in October. Ahead of the Federal Statistical Office (Destatis)'s data releas 7
Euro Zone Construction Output Falls 1.3% from August to Sept
Euro zone construction output fell by a revised 1.3% between August and September after rising 0.4% in the previous month, Eurostat said in a press released issued on Wednesday. 9
Recession in Europe Tends to be Less Severe than in U.S.
European Central Bank Governing Council member Michael Bonello said that although Europe is entering into a recession, it is likely to be less severe than that of the U.S. 6
ECB's Ordóñez Expects "Enormous" Drop in Inflation Rate
European Central Bank Governing Council member Miguel Ángel Fernández Ordóñez is expecting an "enormous" drop in the inflation rate for Spain and the euro zone and that the current crisis has "substantially eased" price tensions. 6
Spanish Economy to Contract in 2009, Says OECD
The Organization for Economic Co-operation and Development has cut its growth forecasts for Spain while predicting that the fiscal deficit will breach the 3% ceiling by 2010. 
