020 7898 0500Like many other currencies, the euro slid against sterling yesterday as the pound’s rally continued in the wake of a mooted Brexit divorce bill. Meanwhile, the German inflation rate for November came in stronger than expected at 1.8% from 1.6% in September. The eurozone’s business climate indicator was shown to have risen to 1.49 in November from 1.44 in October, but this missed market expectations 1.53. However, it is still the highest reading since June 2007.
Today sees the release of the unemployment rates for Germany and the eurozone as a whole. Both are expected to remain exactly as they were the month previous, at 5.6% and 8.9% respectively.
Tomorrow is fairly quiet, with the manufacturing purchasing managers’ index figures for Germany and the eurozone being the main highlights.
