020 7898 0500Yesterday saw Germany release a raft of positive data. Its trade balance as well as export and import figures all improved. Italian industrial production data also showed improvement.
Portugal, however, saw a worsening in its trade balance and France had a bond sale. The euro remained stable against the pound, and weakened slightly against the dollar, but this movement was mainly driven by sentiment within the US, surrounding Hilary Clinton’s improving polling data.
Today sees the prominent economic think-tank the Centre for European Economic Research release economic sentiment information for both Germany and the bloc as a whole, as well as data on current economic conditions within Germany. There is also a sale of Spanish bonds. Given the prominence of the Centre for European Economic Research, any shocks in the data released will likely translate into volatility for the euro.
