Brexit weighing on EUR/USD outlook - Scotiabank

Analysts at Scotiabank explained a deteriorating outlook for EUR/USD.

Key Quotes:

"We continue to feel that broader EUR risks are tilted lower given growth and (somewhat revised) policy prospects. We also concur with the view that UK Brexit concerns risk spilling over into the EUR as the UK vote nears."

A Brexit would be a nightmare for the Old Lady

"Germany industrial production data for February fell less (-0.5%) than market expectations in February but January data was revised lower. Eurozone retail PMI dipped to 49.2."