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EUR: European Union responds to Trump’s comments

By Ricky Bean January 30th, 2018

Like sterling, the euro weakened against the dollar yesterday following doubts over future trade relations between the EU and US. Trump, who had a cosy chat with Piers Morgan on ITV over the weekend, claimed that the EU had been very unfair on US exporters which raises the question on what will happen to future trade agreements.

Today promises to be a busy one for the eurozone, as we will see the GDP growth rate for the fourth quarter of 2017, as well as business and consumer confidence for January. We will also see industrial and services sentiment for the eurozone, and the German inflation rate.