020 7898 0500A quiet week for the eurozone saw it weaken against sterling which had an extremely positive run. This week is busier for eurozone economic data so it will be interesting to see what happens to the GBP/EUR pairing.
On Monday we have the inflation numbers, while on Tuesday the German ZEW Economic Sentiment Index is released. This is a key piece of data as it surveys up to 300 experts from banks, insurance companies and financial departments. They are asked for their expectations on a variety of topics concerning the economy.
On Thursday we have the eurozone consumer confidence report and then, on Friday, we’ll get the German manufacturing purchasing managers’ index (PMI) and the eurozone’s services and manufacturing PMI. If the figures are positive we can expect to see some strengthening in the euro.
