The euro had a slightly disappointing day on Tuesday, despite better-than-forecast revised growth figures, as it lost ground against sterling and the US dollar. Revised growth figures for the euro area were anticipated to fall from 1.6% down to 1.5% but actually ticked up slightly to 1.7%.
The euro/sterling spike seen very early in the day was a rogue trader purchasing too much currency which was quickly amended.
Today there is minimal data out from the Eurozone today, so investors will be looking to other markets – like sterling markets – that could inform euro volatility.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.