020 7898 0500The European Central Bank will meet today to announce their interest rate decision and could perhaps give indications of future monetary policy. ECB President Mario Draghi confirmed that they will begin tapering from January 2018, although they are committed to printing more money until at least September 2018. Any indications of policy after that could cause some euro movement. In which direction is obviously dependent on the sentiments expressed.
We will also see the Markit manufacturing purchasing managers’ index for Germany which is expected to dip from 62.5 to 62. Any figure over 50 shows growth so were it to come in as expected (or even below) it would still be a strong reading.
In addition, there is a raft of PMI data for the eurozone, with services, composite and manufacturing all scheduled for release. All are expected to fall, but only very slightly.
