Currency Note Euro

Euro still troubled, losing ground post Easter

By Ricky Bean April 10th, 2015

Thursday was a fairly muted day for the euro against sterling, with little happening to either currency. The multinational currency did manage to shrug off any poor data releases as German industrial production increased to 0.2% in February; this was ahead of expectations for a 0.1% gain, as the production of energy and capital goods increased.

The euro did however lose ground against the US dollar, thanks to positive US jobless claims data adding to American optimism over the strength of the job market – this in turn sparked further speculations over a US interest rate hike.

Today we have industrial production data for France which is forecast to fall to -0.1%, whereas for the previous period it hit 0.4%.