Currency Note Euro

Euro subject to external uncertainty

By Ricky Bean February 18th, 2016

The euro had a very quiet day on Wednesday, as predicted, closing  the day in almost exactly the same position against sterling and the US dollar as it had started. There was some movement in the day but this was down to sterling and US dollar fluctuations rather than any news or data out of the Eurozone.

The US Federal Reserve meeting minutes released last night had little impact on the euro as they were in line with expectations.

Additionally, Consumer Price Index (CPI) from France was out earlier this morning. An indicator of inflation, this figure is expected to fall to -1%, down from a positive 0.2%. Apart from this we are likely to see little movement as a result of Eurozone data on Thursday, so investors will be on the lookout for potential factors elsewhere which could affect the euro, such as the discussions between the European Union heads and the UK’s revised terms.