020 7898 0500Yesterday was a quiet day in the Eurozone, with only low-impact data releases from Italy, Belgium, Portugal, Greece and the European Union (EU) as a whole. These largely came out as expected and the euro (EUR) picked up against both the dollar and the pound.
Today is another relatively slow day for releases, with more low-tier data from Germany, Italy and Spain, as well as the Economic Bulletin from the European Central Bank (ECB). Italian banks now have only six working days (including today) to raise sufficient capital to stay afloat in time for the EU deadline, and any news on this could likely cause significant currency movement given the lack of time left.
