Currency Note Euro

Euro friendless and weakening

By Ricky Bean February 27th, 2015

The euro continues to be under pressure losing over a cent against both the US dollar and sterling during the course of yesterday afternoon. Business and consumer confidence sentiment data released on Thursday disappointed as they came out worse than forecast.

Today the consumer price index will be out at 1pm, and this is forecast to improve from -0.4% up to -0.2%.

The euro has very few friends and lots of problems and to compound this we have the start of Eurozone quantitative easing in March.