020 7898 0500A combination of positive German Producer Price Index (PPI) data (at 0.2%) and weak British public sector borrowing data (-1.5 billion) saw the euro regain some of the ground it had lost throughout the week against sterling on Friday.
This week sees an array of economic data releases for the Eurozone. On Tuesday, French, German and Europe wide flash manufacturing and services Purchasing Managers’ Index (PMI) data will be released, and this is expected to remain almost completely unchanged from last month. On Thursday morning, German IFO business climate data will be released, expected to improve marginally on last month’s 108.3 at 108.5. Both days will likely provide increased volatility 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.
