020 7898 0500Like sterling, the euro enjoyed a positive run against the dollar yesterday and made some decent gains. It practically traded sideways against the pound throughout the day despite some genuinely impressive trade data.
The trade surplus for the eurozone had expected to come in at €22.4 billion but the actual figure was €26.3 billion. Exports rose by 7.7% while imports increased at a much slower rate of 7.3%.
Today is relatively quiet, although there is a raft of data set to be released from Germany. We’ll see the inflation data and wholesale prices for December.
