The euro held steady against sterling and the US dollar on Wednesday as it remained data-less and as we await the outcome of the latest monthly policy meeting and the subsequent announcement from the European Central Bank (ECB) later today. The single currency was steady amid speculation that the ECB could flag plans to enlarge its stimulus program. Interest rates are expected to remain at 0.05% and it would be a huge shock to the markets if otherwise.
This morning business sentiment data from France is released and forecast to fall slightly from 104 to 103. Any figure above 100 is deemed acceptable. At 3pm Consumer confidence data is forecast to fall from -7.1, to -7.35.