020 7898 0500Yesterday saw the German Manufacturing Purchasing Managers Index (PMI) come out worse than expected, while Services PMI exceeded expectations – despite the negative Manufacturing data, the country’s overall PMI still showed growth. European and French PMI figures – for both Manufacturing and Services – all came out above forecast. Overall – after the mixed data released – the euro weakened against both the dollar and the pound.
Today will again see investors focusing on Germany, with the country releasing its GDP figures. Spain will also release its GDP numbers, and we will see lower-impact data from Italy, France and Belgium. Any negativity seen in the German data could lead to increased negative sentiment around the euro, leading to the single currency weakening.
