Currency Note Euro

A quiet week for the euro; but, strong against sterling

By Ricky Bean November 14th, 2014

All in all, it was a very quiet week for the euro with little on which to report. With bank holidays in a number of member countries on Monday and Tuesday and very few data releases elsewhere, the euro remained relatively range-bound against the majority of its trading partners, bar a very week sterling.

Wednesday saw industrial production figures for the region come out as forecast; but had little bearing on the marker. Significant gains were made against sterling, but that was down to events in the UK rather than any data out of the Eurozone.

Today promises to be more interesting, as quarterly growth figures from across the Eurozone are released this morning. Analysts are forecasting a slight improvement on the previous release, but a close eye will be kept on German and French figures, as uncertainty surrounds both these figures.