020 7898 0500The euro had a quieter day’s trading on Wednesday in comparison to Tuesday, staying fairly flat against the US dollar. The main movement for the single currency was seen against sterling, as it reached fresh two and half year highs before the majority of these gains were eroded in the afternoon. German manufacturing orders growth for May did disappoint slightly, this was forecast to come out at 1% but was actually recorded at 0%; this was, however, still an improvement of the -2% figure we saw in May.
Earlier this morning Industrial production data from Germany is released and anticipated to fall from 0.8% down to 0%
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