020 7898 0500The euro ended last week on a good note, with gains against the US dollar and sterling. However, it is fair to say that rather than it being a result of anything especially positive coming from the eurozone, it was political and economic events elsewhere that drove currency movements.
Having said that, the eurozone manufacturing sector did post its best figures in more than six years and Greek factories grew at their fastest rate for almost a decade. That could be a sign that the Greek economy is finally picking up, which obviously bodes well for Greece, but also the wider European community too.
Much like the UK, eurozone economic data is fairly light this week, although later today the German balance of trade figures are published. On Thursday, we will see the industrial production numbers for the eurozone, and on Friday, German inflation numbers will be published.
