020 7898 0500The Eurozone also had a quiet day in terms of data releases yesterday. German wholesale price data as well as French and Italian short-term bonds were largely as expected.
The European economic forecasts had a confident tone regarding the European Union but the overhanging risks in Europe, the most prominent being a Greek default or a Le Penn victory in France, weighed down on the single currency. As a result, it weakened against both the pound and the dollar.
Today sees the bulk of the week’s data releases. Key Gross Domestic Product figures from the Eurozone as well as Germany and Italy will be released. We’ll also see the respected ZEW (Centre for European Economic Research in Mannheim) release its German current conditions and economic sentiment figures plus European economic sentiment data. We’ll also have European industrial production figures.
Many of these releases are ‘heavy-hitters’, so any disruption or discrepancies between expected and actual figures could have a serious impact on the single currency.
