020 7898 0500The euro had a quiet end to the week on Friday as it weakened slightly against sterling. Apart from a couple of spikes throughout the day, it remained flat against the US dollar. Overnight it continued to weaken against sterling but did gain ground against the US dollar.
This week we are expecting serious volatility from the markets surrounding the UK’s EU referendum on Thursday. Any reliable polls from the UK will be likely to spark a sharp move. Other major data will be the ZEW German business confidence data on Tuesday, which is expected to fall from 6.4 to 3. European consumer confidence data on Wednesday is also released which is anticipated to remain at -7. Any surprises could have the ability to move affect the euro’s performance.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
