Yesterday we saw bearish tones for the euro despite being short of data from the region with the euro weakening to a one-week low against sterling. Disappointing European inflation figures, which were reported at 0.2%, compared to the year on year previous of 0.8%, didn’t help the euro.
Today we expect a busier day due to inflation figures and growth data released across the board. Figures are expected to be worse than previously, which could cause further weakness for the euro against its rivals.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.