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Euro affected by UK EU Referendum campaign

By Michael Cooper June 14th, 2016

The Euro started the week suffering the indirect impact of the recent opinions polls swinging in favour of the UK ‘Leave’ campaign, with some key British business figures like Lord Bamford and James Dyson putting themselves behind leaving the single market. However, positive comments from Bundesbank President Jens Weidmann that the European Central Bank (ECB) will not engage in further monetary easing helped shore up support for the Euro.

Tuesday sees a number of releases from the Eurozone, which are expected to come in above expectations, which would further bolster the sentiment surrounding the euro. However, any further polls in favour of the Remain or Leave campaigns will dominate moves for the single currency.

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