020 7898 0500The euro has had a bit of a topsy turvy time for a while now and economic growth across the eurozone has been significantly affected by tariffs and trade wars. Unfortunately,
that is a trend that looks set to continue for some time, with a general feeling that we are yet to see the full global effects of the trade battle between the US and China.
However, the euro enjoyed a positive end to the week by retracing some losses against sterling and the dollar. In truth, the moves were marginal, but a day of strength can
never be a day of weakness, so let’s be thankful for small mercies. There were no releases on Friday, so the moves were largely driven by events elsewhere.
It is a very quiet start to the week for the eurozone, but tomorrow it is extremely hectic, with the GDP growth rate for the third quarter of 2018 on the schedule, as well as
the German unemployment rate, economic and services sentiment, business and consumer confidence, and the inflation rate in Germany.
