The latest German ZEW Economic Sentiment survey result was released yesterday registering its fifth fall in six releases. The -24.7 reading is the worst since August 2012 and ZEW President, Professor Achim Wambach, commented: “The current survey period has been marked by great political uncertainty. In particular, fears over an escalation of the international trade war with the United States have dampened the economic outlook. The positive news regarding industrial production, incoming orders and the labour market have been greatly overshadowed by the anticipated negative effects on foreign trade,” This weeks main event from the EZ is tomorrows minutes from the last ECB Rate decision. EUR/USD trades at 1.1735 with GBP/EUR hovering around 1.13.