020 7898 0500After Tuesday’s significant euro gains, it was no surprise to see the currency retrace yesterday. Much of Tuesday’s gains can be attributed to the political situation in both the UK and US rather than positive news in the Eurozone.
The eurozone’s latest industrial production figures, however, came out above expectations yesterday. In May the sector’s output increased by 1.3% year on year, against expectations of just 1%. This mirrors the positive data from the manufacturing sector last week.
Today Germany and France will release new inflation figures. Next week, the eurozone-wide inflation data will follow.
