The direction of European business sentiment towards international trade diverged in November. German businesses’ export order expectations improved to a net positive 12.2% but remains well below the year-to-date average of 15.5%. Meanwhile sentiment in France fell to a net negative 10%, the worst since November 2016. The proximity of Brexit may be taking a toll on business sentiment – in Germany for example the investment-related engineering sectors saw a downturn in order expectations. While the EU and U.K. government have agreed the all-important customs arrangements they will not nec...