Currency Note Euro

Euro losing ground

By Ricky Bean September 18th, 2014

With the European Central Bank (ECB) putting such emphasis on the significance of waning inflation levels across the bloc, yesterday’s figures provided a glimmer of positivity. The yearly Eurozone inflation figure of 0.4% was released in the afternoon and, although still worryingly low, came in above the forecasted figure of 0.3%. This provided a period of short respite for the single currency which lost ground late in the day following the announcement from the US Federal Reserve on interest rates hitting 14-month lows.

Little key news from the Eurozone today but expect a lot more volatility on the sterling-euro cross over the next 24 hours, with all eyes on the Scottish referendum vote in the UK.