020 7898 0500As with the UK and US, it was a quiet start to the week for the eurozone, although we did have the Eurogroup meeting which focused on Greece and whether it had done enough to justify receiving the fourth tranche of financial assistance. The group ‘welcomed the completion of the remaining prior actions by Greece, as required under the third review of its economic adjustment programme’ and, ultimately, decided that the fourth tranche of €6.7 billion will be paid in two instalments.
The euro traded within an extremely tight range against the dollar and sterling yesterday, climbing a little against the former and sliding a little against the latter. But the movements were very small indeed.
Today is not much busier than yesterday in truth, but tomorrow we will see the German inflation rate and some data releases from the eurozone too. We’ll see how industrial production across Europe fared at the start of 2018.
