Currency Note Euro

Quiet day for the Euro

By Ricky Bean June 26th, 2015

Thursday was a pretty quiet day for the euro as there was, yet again, no deal for Greece. The single currency weakened throughout the day against sterling, and was fractionally lower against the US dollar. Time is running out for the Greek government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion repayment to the International Monetary Fund (IMF) on 30th June. With little data out except for German consumer confidence, which came out marginally worse than forecast at 10.1, it really was a quiet day.

Without sounding like a broken record, the main focus today will still be in Greece and how matters unfold for them. Other than that, we had French consumer confidence data out earlier this morning.