020 7898 0500The euro had a fairly disappointing day on Tuesday as it lost ground against the US dollar and remained flat against sterling. The EU referendum is also having an effect on the single currency – not just sterling – as the vote draws ever closer. Final Consumer Price Index (CPI) data from Italy came out as expected, increasing slightly from 0.2% up to 0.3%. Eurozone Industrial production figures also increased from -0.8% to 1.1% but this was overlooked as sentiment is the key driver for the Eurozone.
Final CPI figures from France this morning were anticipated to increase from 0.1% up to 0.3%, which could lend support early on for the euro. Apart from this we can expect sentiment on the UK’s EU referendum to take centre stage for this week and next.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
