020 7898 0500The European Central Bank released its economic bulletin for December yesterday, following its latest monetary policy meeting. Despite reaffirming inflation is expected to rise and more monetary accommodation is required until September, or beyond if necessary, it failed to tell us anything we didn’t already know.
Consequently, the single currency marched higher into the $1.19 level against the US dollar and made gains on the pound. Today sees the Eurozone’s final economic release of 2017 and it’s a significant one: Germany’s Harmonised Index of Consumer Prices.
