020 7898 0500As for data on Monday, European consumer confidence figures were worse than expected and short-term French bond sales remained largely unchanged. Despite the lack of data, the euro markets were still rumbling from the close of last week and we saw continued euro strength against the dollar. The single currency held steady against the pound.
Today we’ll see a raft of Purchasing Manager Indices, with France and Germany joining the Eurozone in releasing data for the manufacturing and services sectors as well as a composite figure. This data is seen as a forecast for the strength of an economy. Therefore, any unexpected results could cause movement in the euro as investors reassess the strength of the European economy. All the figures are expected to show growth and the German data is expected to be the strongest.
