Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
EU Economic Sentiment Edges Higher but Consumer Confidence Dips

EU Economic Sentiment Edges Higher but Consumer Confidence Dips

Richard Snow, Analyst

Eurozone Economic Outlook Fairly Unchanged

  • Consumer Confidence continued to decline, coming in at -8.8, as expected.
  • Overall Economic Sentiment however, rose (114) above figure produced for December and January
  • Industrial Sentiment dipped slightly when compared to the forecast but rose above last month’s figure (14).

Customize and filter live economic data via our DaliyFX economic calendar


In the UK, the Eurozone’s neighbour, we saw the largest month on month drop in the Gfk consumer confidence survey from -19 to -26 since the start of the pandemic. Similar increases in energy and fuel costs along with increases in health care contributions have raised concern for the UK consumer as rate hikes are set to pressurise disposable income.

The data is unlikely to have a material effect on Euro assets in ordinary conditions and are set to have even less importance due to the ongoing invasion of Ukraine and subsequent waves of sanctions imposed by the west on Russia with retaliatory sanctions reported to be on the way.

No significant reaction in EUR/USD as expected, however, the pair is susceptible to lower moves should the flight to US dollars resume today. Additional risks appear in the form of harsher sanctions against Russia with some urging banning Russia from the SWIFT international payment system.

EUR/USD 5 Min Chart

Source: IG, prepared by Richard Snow

Trade Smarter - Sign up for the DailyFX Newsletter

Receive timely and compelling market commentary from the DailyFX team

Subscribe to Newsletter

--- Written by Richard Snow for

Contact and follow Richard on Twitter: @RichardSnowFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.