020 7898 0500The euro strengthened against the pound following reports of further Brexit uncertainty in the UK yesterday, and it traded within a very tight range against the dollar on what was a quiet start to the week for economic data from the eurozone. However, this could be the calm before the storm as we have some key releases from the UK, eurozone and US this week. Obviously it is impossible to know for sure what will happen, but if things go as expected we will likely see euro strength against the pound and weakness against the dollar. That’s a big if though.
Today isn’t much busier in truth, but tomorrow we will see manufacturing, services and construction PMI from Germany and the eurozone. With the exception of German services PMI, all are expected to have dipped a little, so it will be interesting to see if the readings come in as forecast.
