020 7898 0500A combination of positive and negative data releases for the Eurozone yesterday saw the euro, at one stage, lose half a cent against sterling. Although the Spanish flash CPI came in at 0.4%, better than forecast, the German preliminary Consumer Price Inflation (CPI) figure came in at 0.0% and drove euro weakness. A similar but less exaggerated impact was seen against the greenback, as the pair continued to trade under 1.12.
Today will see the release of German retail sales figures which are forecast to improve significantly on last month at 0.5%. Further German data will come later in the day, in the form of German unemployment change, forecast at -2,000. The Eurozone will also release core and flash CPI data – both are due to remain unchanged from the previous month.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
