Currency Note Euro

Euro experiences peaks and troughs

By Ricky Bean June 2nd, 2015

The euro gained ground slightly against sterling on Monday, but peaked and troughed against the US dollar. Data released showed that German consumer prices had risen by 0.1%, in line with expectations – although other reports from the Eurozone and Greek debt concerns meant there was a muted overall effect. There were weak readings elsewhere, with France’s manufacturing data still coming out below 0%, and Germany registering only a small amount of growth.

Today’s releases include German unemployment claims out before 9am today and the Consumer Price index for the whole Eurozone at 10am.