Eurozone economy is showing signs of long-awaited growth

The euro benefitted from the weakening of the pound but also from positive data releases on Monday.

At 9.8%, the European unemployment figure showed the expected result for November. Germany has the lowest unemployment rate in Europe.

Eurozone Sentix Investor Confidence was better than expected, at 18.2. The consensus was just 12 and the December figure 10. The German trade surplus was also up to €21.7 billion.

The Bank of France’s manufacturing confidence index increased in November and German industrial production gained as well.