020 7898 0500A quiet week for the euro began in muted fashion on Monday. German business confidence data was the only major data release of the day. This came out above the expected figure of 107.7, at 108.3. In the past, this has always been a good indicator of economic health and, as such, we saw some small euro gains in the afternoon.
Tuesday sees another quiet day for the euro, with National Bank of Belgium Business Climate data to be released. The focus is still very much with sterling, so any strength or weakness seen in the euro is likely to remain a function of UK monetary policy for the foreseeable future.
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