020 7898 0500Yesterday began with German import price data, which fell slightly year-on-year (which is good for the currency, as this would contribute to an improved trade balance in the long term) but remained stable month-on-month. Mixed Italian retail sales and French consumer confidence were also released, although figures were as expected. There were also debt issues data from Germany and Portugal. Overall, the euro fell slightly against sterling – although still within the range we have seen for a large part of October.
Today sees Finnish industrial and consumer confidence released, Spanish unemployment figures from the third quarter, and a run of data from Italy (Consumer and Business confidence as well as wage inflation) and M3 Money Supply and Private Sector Loan data from the bloc as a whole. As was the case yesterday, data in isolation is unlikely to have much effect on the market. However, any encouraging results could help add to the recent euro strength.
