Currency Note Euro

Euro has a mixed week

By Ricky Bean December 19th, 2014

The Euro has had a difficult week as it weakened across the board as concerns around Europe still bore a large weight on the currency. The situation in Greece still remains the underlying feature for concern for the single currency in the short term although it does seem that the opposition party is committed to staying in Europe.

Yesterday the euro lost ground against sterling even though business confidence data from Germany came out marginally better than expected at 105.5, compared to the forecasted figure of 105.4. The currency had a mixed day against the US dollar, ending in the same place as it started the day.

Today we have Producer Price Index (PPI) and consumer confidence data from Germany first thing.