020 7898 0500The euro had a fairly flat day on Thursday, as it remained unchanged against the US dollar. However with sterling, this was a different story as the single currency struggled in the morning before being able to erase most of these losses in the afternoon. This was most likely due to German industrial production figures coming out worse than anticipated yesterday morning, -1.3% compared to the forecast 0%.
Friday is expected to be quiet again for the single currency, but in the afternoon US non-farm payroll data figures may well spell some movement as the euro is the US dollar’s major trading partner.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
