Friday was an end to an incredibly flat week for the euro as the final day had minimal movement against sterling, but a slight increase against the US dollar. This was down to investors closing off positions for the weekend and the previous European Central Bank (ECB) meeting still having a positive effect on the single currency.
With this week being the last full week before January we should expect a busy period for the single currency. The first major piece of data for investors will be German ZEW business confidence data, which is expected to drop slightly from last month’s figure of 54.4 to 54. On Wednesday inflation data is out from the Eurozone, where the current forecast is expecting it to drop back down from 0.1% back into the negative -0.1%.