020 7898 0500The euro had a fairly uneventful week until Wednesday, with figures showing a greater than anticipated fall in industrial production for the Eurozone in December. The 0.7% decline in output, combined with reports from a board member of the European Central Bank (ECB) that the ECB are seriously considering negative interest rates, triggered a significant fall against the pound, the latter being boosted by positive growth figures on Wednesday.
Yesterday saw a slight rallying for the euro against sterling and a strengthening against the US dollar but with German and Eurozone growth figures due for release today we could see further significant movement for the Eurozone currency before the week ends.
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