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Another mixed day for the euro

By Ricky Bean August 4th, 2016

Yesterday saw a mixed day for the euro, as it lost nearly half a cent against sterling but was able to end the day as it had begun against the US dollar. Spanish and German final services Purchasing Managers’ Index (PMI) figures came out slightly lower than expected, but this was counteracted by Italian and French final services PMI figures being better than the forecast figures (52.0 and 50.5 respectively).

Today will see a lack of data released from the Eurozone with all eyes turning to the Bank of England’s (BoE) rate decision.

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.