020 7898 0500There was no significant economic data released from the Eurozone yesterday. The euro continued to strengthen against the US dollar, hitting its highest level in a year, following on from Draghi’s positive comments surrounding the economy and potential policy action over the next 12 months. However, Bloomberg headlines alluded to an unnamed source who said Draghi had intended his speech on Tuesday to be more balanced.
However, the euro did make losses against sterling after BoE Governor Carney hinted we could see a change in policy in the near future, though for different reasons.
Looking to the rest of the week, the inflation data is released from German and Spain today, ahead of the Eurozone figure on Friday.
