020 7898 0500The euro had a quiet day on Wednesday as it strengthened slightly against the US dollar and remained fairly constant against sterling until late in the day. The small gains seen against the US dollar were because of the improved Consumer Price Index (CPI) figures from the French economy, which showed an increase from 0.1% up to 0.5%.
This week has largely focused on final CPI figures and the most important release is today, with figures for the Eurozone as a whole at 10am. This is anticipated to rise from 0% up to 0.3%. If this forecast is hit then this will be a direct correlation that the increase in quantitative easing in the European economy is beginning to work and therefore a small sign of support for the euro.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
