Currency Note Euro

Potential QE increase restricts euro gains

By Ricky Bean October 27th, 2015

The euro has a slow and mixed day on Monday as it initially weakened against sterling and weakened against the US dollar on Monday, and gains were limited as the likelihood for more quantitative easing continued to “hurt” the euro. Also on Monday, data showing that German business conditions had deteriorated this month also had an impact on the single currency, contributing to its weakening.

Today we can expect a data-free day for the single currency and investors will be likely to look to events elsewhere, particularly in the UK, which may affect the euro in turn.