020 7898 0500On a day dominated by the BoE’s meeting, the German balance of trade figures were released. As the eurozone’s largest economy, it was certainly a point of interest for investors and the figures came in slightly below expectations. However, there is still a surplus of some €18.2 billion so it’s nothing to get too worried about.
The euro didn’t have a brilliant day, although this was likely largely because of events elsewhere. Having said that, the balance of trade couldn’t have helped matters – it’s just questionable how much it hindered the single currency’s performance.
Today is a fairly quiet one for Europe and so we expect attention to be mainly turned towards the UK which has quite a busy schedule.
