020 7898 0500This week the euro continued to surprise by strengthening but rate movements against major currencies weren’t significant as Eurozone data played a limited role. Yesterday’s German Consumer Climate figures came out marginally better than expected, but this did little to affect rate movements. The single currency ended the day comfortably below the 1.25 threshold against sterling and back up above 1.36 against the US dollar.
The next important data set due out is German inflation data, which is set to be released tomorrow, whilst today’s EU Economic Summit may provide some cause for trader activity.
