020 7898 0500Friday belonged to the UK in terms of economic focus, but the euro still managed to make some gains against the dollar and pound. It traded within a very tight range against the greenback, but the gains against sterling were much greater. If we look at the performance of the euro so far this year we can see it has moved higher but within less than a cent against the pound, but more than three cents against the dollar. Definitely the steadiest of the three so far this year.
It is a very benign start to the week for the eurozone, but on Wednesday we’ll see the GDP growth rate for both Germany and Europe. On Thursday we will see December’s balance of trade figures for the eurozone and…that’s about it. A pretty quiet week all told and little to cause significant volatility in the euro. However, who can say what will happen in the UK and US? Also, we might get an update on the German grand coalition talks, although it is thought an finalised agreement won’t be announced just yet.
