EUR: quiet day for the eurozone as the euro slides against sterling

In direct contrast to the UK, the eurozone has experienced a very quiet week on the economic data front. The euro did weaken against sterling by two cents yesterday following the BoE’s announcements and release of the meeting minutes.

It has been a good few days for sterling and it will be interesting to see whether this can continue into next week when the eurozone releases some economic data. The German ZEW Economic Sentiment Index is set for release on Tuesday which could cause some movement.

Until then, the euro is at the mercy of economic data coming from places outside of the eurozone.