020 7898 0500The fallout from the German election became calmer yesterday as the euro clawed back some recent losses against sterling. The single currency did make further losses against the US dollar, but all in all it was a pretty serene day for the markets.
The Catalan regional government accused Spanish authorities of acting like oppressive regimes around the world, following reports that they have blocked websites designed to help people vote in Sunday’s independence referendum.
It could spell more trouble for the eurozone as uncertainty over the future direction of the region will no doubt bleed through to the markets. The perceived threat to free expression is unlikely to prevent tensions escalating further and it makes for a fascinating end to the week.
It is a busier day today with the release of the German consumer confidence and eurozone business confidence. In addition, we will get the German inflation rate report just after lunch.
