Euro to benefit from sterling weakness?

Yesterday French Consumer Price Index (CPI) and industrial production data both fell marginally short of expectations.

Thursday gives the euro opportunity to claw back losses made on the first couple of days of this week. While no significant data is expected from the Eurozone, the focus will be on the UK, where the Bank of England (BoE) is widely expected to cut interest rates, which would place more pressure on sterling strength.

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.