Currency Note Euro

Slight strength for the euro

By Smart Currency July 22nd, 2015

Despite no data being released from the Eurozone yesterday, the euro gained over a cent against both sterling and the US dollar. EU Financial Commissioner Pierre Moscovici has announced that as long as the Greek government can implement the reforms attached to the third bailout package, debt relief will be given. This is a huge step forward as debt relief has been a big sticking point throughout negotiations in recent months.

This morning we see Italian retail sales data released, which is forecast to show a decline of 0.6% from June. The real focus of the day largely remains on Greece, where members of the Greek government will be voting on the terms of the third bailout package.