020 7898 0500It was a relatively quiet day in the eurozone today, with attention focused on the UK retail sales data. Still, the euro made some gains against sterling although it weakened against the dollar.
With that in mind, it will be interesting to see what the flash consumer confidence reading for April will be. It is expected to fall from 0.1 to -0.2, but it would be no real surprise if it came in below that.
Further disappointment could lead to some euro weakness. Next week begins with a raft of PMI data from across Germany and the eurozone which should give us further indication of whether the eurozone’s economic projections for 2018 are too optimistic.
