The euro strengthened against the pound on Friday but more or less traded sideways against the dollar. The single currency has had a good 2017 and it could even be 2017’s star performer – the eurozone has certainly enjoyed a year of economic growth which was highlighted by the ECB’s decision to revise their growth estimates upwards.
Today we will see the inflation rate for the eurozone which is expected to increase by 0.1% from 1.4% to 1.5%. Tomorrow we will see the German IFO business climate index which is expected to remain at its current all-time high of 117.5. We will also see the wage growth figures for the eurozone on Tuesday and consumer confidence for December on Thursday.
Finally, the last week before Christmas will end with the German consumer confidence for December on Friday