020 7898 0500A very quiet end to the week for the eurozone still didn’t prevent it from gaining against sterling. It did tumble quite a bit against the dollar following the release of positive non-farm payrolls data. The question is whether the dollar can continue this run following a prolonged period of weakness.
Today there is a raft of PMI data from across Europe, including Germany and, as the eurozone’s largest economy, it will be interesting to see how strong these readings are. It is fair to say economic data has been consistently strong for the eurozone in recent times so we could see further evidence that the economic recovery continues apace.
We will also see retail sales for the eurozone later today and the German balance of trade on Thursday.
