Currency Note Euro

Successful Wednesday for euro

By Ricky Bean May 12th, 2016

The euro had a fairly successful day on Wednesday against its major peers as it strengthened against both the US dollar and sterling. This was not down to any significant news or data out of the Eurozone, although the discussions on Greek debt do seem to be progressing in a positive way, but more due to news from elsewhere.

Very early this morning Consumer Price Index (CPI) data from France is released. This is anticipated to fall from 0.8% to 0.1%. Other than this investors, will be looking at other markets so we can expect the single currency to take a slight back seat.

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