A steady week for the euro against sterling but against the US dollar it rallied to an eight and half month high. The main reason for the euro’s strength against the US dollar is probably more a result of events in the US rather than events in the Eurozone itself. This week Europe’s leaders meet at their autumn summit where banking union is likely to be discussed. Also this week we have the release of both the “flash” Purchasing Manger Indices for October for the Eurozone, Germany and France and the “flash” consumer sentiment data for the Eurozone. These data releases will be closely scrutinized as they will give a good feel for the state of the Eurozone economy and two of its key constituent countries. Call your trader to see if the euro is maintaining is relative strength to both sterling and the US dollar.