It was a busier day for the euro yesterday with large focus on positive final inflation figures which were released 0.4% better than previously month-on-month, and remaining unchanged from last year’s figure. This suggests a small sign of support for the euro despite the focus on the EU referendum and a potential ‘Brexit’. At one stage yesterday the euro reached a three-month high against the pound and we expect to see further movement towards the build-up on the EU referendum as the polls suggest a close result.
Today we expect much of the focus on European Central Bank (ECB) President Mario Draghi, who is speaking in the afternoon. Investors will be tuning in to see if he gives an indication of the health of the Eurozone.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.