020 7898 0500Yesterday, we learned that eurozone inflation fell from 1.5% in September to 1.4% in October. That is significantly different to the UK’s rate, which stands at 3% and only Estonia and Lithuania have higher inflation across the European Union. It has been a pretty impressive week for the eurozone, although the euro still slid against sterling and the dollar.
In France, the unemployment rate increased to 9.7% in the third quarter of 2017, from 9.5% in the second quarter. This was as forecast and is the highest jobless rate since the back-end of 2016. Highlights that the Eurozone recovery is not a one way bet.
Today we have the construction output which is expected to increase from its previous reading of €29.6 billion. If the figure comes in better than expected then we could see some euro strength, but one can never really tell which way the markets will react to events elsewhere.
