020 7898 0500The euro strengthened on Monday following news that investor confidence in Europe was higher than expected. Spanish unemployment data released showed a sharper increase than expected, but had a muted reaction on the market.
We have a fairly busy day for data in Europe with services Purchasing Managers’ Index (PMI), retail sales figures and GDP data all due to be released.
The key focus though remains on Thursdays ECB monetary policy meeting. Investors will look for hints to see if the central bank may look to taper its quantitative easing program in the near future.
