FXstreet.com (Barcelona) - German ZEW Economic Expectations index has soared to 13.0 in April from -3.5% in March, according to the ZEW economic research institute.

April's increase has beaten the expert's expectations which advanced a 3.8 reading. The assessment of the current economic situation, however, has worsened to -91.6 from -89.4 in March.

The Euro has broken above 1.2950 after the data was released, reaching levels below 1.3000 minutes later. GBP/USD has broken above 1.4175 intra-day high, reaching to 1.4600 minutes after the ZEW data was released.

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