Currency Note Euro

Euro largely unaffected yesterday as markets await UK and US news

By Ricky Bean October 9th, 2015

The euro was fairly static against both sterling and the US dollar on Thursday, as investors looked away from the Eurozone, and eagerly awaited the minutes of the latest US Federal Reserve meeting. The week overall for the euro had been a slightly disappointing one, poor German service sector data weighed heavily on the single currency on Tuesday and Germany’s services purchasing managers’ index (PMI) decreased slightly to 54.1 in September from 54.3 the month before.

Early this morning industrial production data from France was released, and this was forecast to be a much improved figure from -0.8% up to 0.5%. Other than this we will have to look until next week for any major economic data releases for the single currency.