Currency Note Euro

Euro continues steady start to the year

By Ricky Bean January 16th, 2014

The Euro started yesterday in a slow fashion on the back of average German growth figures. Europe’s biggest economy posted a growth of 0.4% in 2013, slightly less than the 0.5% that was expected by most, and less than 2012’s growth figure of 0.7%. While this figure may have seemed disappointing to some, it is expected that the German economy will have a more positive year, pushing growth well above 1%. All in all, the euro has started off 2014 in a steady fashion. Positives for the eurozone include the European Central Bank (ECB)’s shrinking balance sheet and indications that the crisis seems to be all but over, whereas negatives include prevailing high unemployment, low inflation and worries over bank and government debt. German and European Consumer Price Index figures will be released today. Call your trader now for live euro rates.