020 7898 0500The euro has been outperforming most of the G10 currencies of late as it continues from where it left off in 2017. Last year was undoubtedly the euro’s year as it enjoyed something of a renaissance and it will be interesting to see whether 2018 will also be a positive year. Hints that the European Central Bank could significantly reduce their quantitative easing programme this year have been welcomed by traders and some banks are forecasting that it could become worth more than a pound this year (although other banks suggest a widening gap).
Like the UK, there were no major data releases across the eurozone and today isn’t really any different. We do have the German ZEW economic sentiment index next Tuesday, but until then movements are likely to be driven by political events or weakness/strength of other currencies.
