020 7898 0500Yesterday saw a quiet day in terms of Eurozone releases, with only Spanish consumer price data and European Union (EU) trade balance figures provided. The Spanish data was disappointing, while the EU trade balance information showed an improvement. However, due to events in other markets, the euro (EUR) actually finished higher against the US dollar (USD) and the pound (GBP).
Today sees the European Central Bank (ECB) publish the minutes of its last monetary policy meeting and these should flesh out the ECB’s position on its quantitative easing programme. Any surprises could cause significant movement for the euro, as investors reassess the ECB’s likely course of action.
