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£ plunges amid Brussels tragedy, Brexit fears

Bloomberg The pound posted the biggest decline among major currencies amid speculation the Brussels explosions will boost the case of campaigners who want Britain to quit the European Union. The tragedy risks making sterling into even more of a political football as the debate over a potential “Brexit” rages. Anti-EU politicians have argued that migration leaves the U.K. vulnerable to ...

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German manufacturing grows at slowest pace in 16 months in March

Bloomberg German manufacturing grew at the slowest pace in 16 months in March, evidence that the economy is feeling the pressure of cooling global demand. Markit Economics said its Purchasing Managers Index slipped to 50.4 from 50.5 in February, just above the 50 level that separates expansion from contraction. While a separate report showed services improved this month, a gauge ...

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Euro-area deflation persists even as Markit sees growth

Bloomberg Economic growth in the euro area probably picked up at the end of the first quarter, according to Markit Economics, which also said that concerns remain about the health of the region. Markit’s composite Purchasing Managers Index of manufacturing and services rose to a three-month high of 53.7 in March from 53 in February. That keeps the measure well ...

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