020 7898 0500The euro had a mixed day on what was a quiet one for economic data. It managed to make some gains against sterling following comments made by Carney which appeared to suggest there won’t be any big rate hikes for at least the next couple of years.
However, against the dollar it lost some ground, no doubt influenced by trade war fears and recent evidence of economic strength from America. In addition, there are indications that the eurozone’s economy is trundling along at present.
Today is a much busier day for the eurozone, with services and composite PMI readings from Germany and the eurozone on the schedule. Only German composite PMI is expected to increase. We will also see retail sales from across the eurozone in June.
