020 7898 0500Yesterday saw a raft of low-impact data released from the Eurozone, with a fall in German import prices (both month-on-month and year-on-year) being the most interesting release of the day. The euro fell against both the dollar and the pound, but these movements were caused by sentiment in the UK and the US rather than any news coming from the EU.
Today sees more low-impact data released from Italy, Germany and Ireland, with Germany again being the country to watch, given the release of consumer climate information). Eclipsing data releases will be European Central Bank (ECB) President Mario Draghi, who will speak in the afternoon. Any indications of future monetary policy change could have significant effects on the market.
