European market, pound recovers after two-day slump

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The British pound recuperates on Wednesday after back-to-back lows in the last week. It went 0.32% higher against the dollar and took 0.54% advantage against the euro.                                                       

Germany’s Dax rose by 0.44%, France’s CAC to a 0.9% increase, FTSE MiB of Italy joined the recovery staging with a 0.5% rise, and Spain’s Ibex leveled by posting 0.14% increase.

The US-China exchange of trade blows affected the global market and caused heavy selling in Europe since Monday. The two-day sell-off was felt not only in the Asian market but also with the Western market.

European market shares are expected to continue its recovery in the coming days as the US-China trade conflict slowly eases.

 

 

 

 

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