020 7898 0500Yesterday, the euro remained under pressure. It has been less than a week since there was a collective sigh of relief from the market as Macron won the French presidency, but the market was quick to turnaround as the analysis of the election played out.
Meanwhile, the European Central Bank President Mario Draghi spoke yesterday. He stated that the downside risks have diminished further. However, Draghi went on to state that the time to consider exiting or withdrawing from its quantitative easing measures had not yet come. What is encouraging is that Draghi is acknowledging the diminishing downside risk, especially as we are seeing economic data improve.
This morning we have the EU economic forecasts report. This includes economic forecasts for the next two years and serves as the European Commission’s basis for evaluating economic performance of the member states.
