Currency Note Euro

Could the global growth slowdown hit the Eurozone?

By Ricky Bean October 8th, 2015

The euro fell on Wednesday against both the US dollar and sterling, thanks to the release of data that highlighted a fall for German industrial production at the fastest rate we have seen for a year. The German industrial output fell 1.2% from last month’s figure, despite the forecast of a small 0.2% increase. This was the steepest drop since August 2014, and added to concerns that a slowdown in global growth is spreading to the largest economy in Europe; this has become a real concern for the Eurozone as whole.

Trade balance for Germany was released this morning, but other than that we should expect a quiet day for the euro as it is likely to be affected by the Monetary Policy Committee (MPC) minutes from the UK.