020 7898 0500It was a return to form for the euro yesterday, as it climbed higher against sterling and the dollar. This followed some extremely positive data coming from across the eurozone which pointed to an economy in prolonged recovery. Composite and services PMI data from Germany came on at 58.9 and 55.8 respectively which shows healthy growth and the eurozone’s readings were also strong.
Today we have another packed day in what has proved to be a busy opening to 2018. We will see November’s retail sales for Germany which dipped in October, but are expected to increase again. We will also see retail PMI for the eurozone for December.
However, the main attention grabber will be the inflation rate for the eurozone which is expected to fall from 1.5% to 1.4%.
