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      Outlook for global growth clearly weakened - ECB’s Coeure

      FXStreet (Mumbai) - The European Central Bank (ECB) member Coeure was on the wires on Friday stating that Outlook for global growth has clearly weakened.

      His comments a day after the Federal Reserve surprised markets by its dovish tone and worried outlook regarding the global economy. Coeure added that Emerging and financial markets are risks to the outlook.

      Key Quotes

      ECB doesn't have a FX target
      FX rate affects prices and inflation developments
      Euro appreciated fairly significantly in recent weeks
      Inflation expectations have stabilised

      Meanwhile, Bank of Spain's governor Luis Maria Linde is also out saying that the Fed waiting shows global growth has weakened a little.

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      Watch our currency analysis video, which we update daily, to discover the latest news in the foreign exchange markets.
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      Despite positivity, GBP dips

      Positivity emerged from the UK yesterday by way of improved retail sales – a usually solid indicator of economic performance – with an increase by 0.2% this month as opposed to August’s 0.0% result. Food sales were seen to decline by 0.9%, however, which posed a slight drag on elation, but overall the mostly positive sentiment we’re seeing did little to boost Sterling’s worth, resulting in a drop by 0.2% against the euro and 0.1% drop against the dollar. There is not much on the UK’s calendar
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