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Inflation data due from Germany

By Ricky Bean July 12th, 2016

The euro had a very quiet start to the week on Monday, but it did lose ground slightly against sterling due to political events in the UK and especially as there was no Eurozone data to support it.

This morning, Consumer Price Index (CPI) data from Germany is expected to improve slightly from last month’s figure. Given that the CPI is an indicator of inflation, any surprises could affect the euro’s performance in markets.

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