020 7898 0500The euro’s run continued yesterday which was all the more remarkable given that there were no major economic releases from the eurozone yesterday. The single currency clearly had the better 2017 than sterling and the dollar, and the question has always been whether the positivity could continue into 2018. At this juncture, it certainly appears so.
Today is much busier than the week so far, with the eurozone GDP growth rate for fourth quarter of 2017 released. It is the second estimate and should give us a real indication of how the economy performed towards the end of last year. Interestingly, the quarter-on-quarter and year-on-year readings are expected to dip 0.1% to 0.6% and 2.7% respectively.
We will also see the GDP growth rate and inflation rate for Germany, as well as the eurozone’s industrial production rate for December. If it proves to be a good day for economic data, the euro could strengthen further.
