020 7898 0500On what should have been the quietest day of the year the euro dropped by around 3 percentage points to €1.132 against the British pound very briefly on Christmas Day, due to a suspected computer driven sell-off. It very quickly returned to the €1.127 mark however, which was where it stayed for the rest of the four-day period. The Eurozone will be coming to terms with more potential political trouble following the result of the Catalonia regional election which put separatism back on the table and saw the euro briefly drop.
Today’s data releases include Spanish retail sales – which have already come in well ahead of expectations at 2% year-on-year compared to a forecast of 0.7% – and French jobs data.
