020 7898 0500The euro resumed its upward trend against a basket of currencies ahead of the European Central Bank meeting on Thursday. With regards to economic data, we saw that Eurozone retail sales grew only marginally in April which was in line with expectations. This was the fourth consecutive rise in sales which is positive for the region.
In addition, a survey published by think-tank Sentix showed that investor confidence strengthened to a near-decade high in June.
Once again the calendar is fairly quiet today but all eyes will be on the ECB meeting tomorrow.
