It was a quiet day for the eurozone yesterday, although the Greek Prime Minister, Alexis Tsipras, gave a speech in which he emphasised that Greece is turning a page following seven years of recession. Tsipras said that ‘Grexit’ had been replaced by ‘Grinvest’ and Greece could expect growth and development in the near future.
With no key economic releases this week, focus will turn to the UK and the BoE meeting on Thursday. However, tomorrow we do get the release of German inflation numbers, eurozone employment figures, and industrial production figures for Europe.
If the figures are more positive than expected, it is possible we could see some euro strengthening against a basket of currencies.