020 7898 0500With 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.
