020 7898 0500Wednesday’s lack of significant data releases bought with it a relatively stable day for the Euro. The currency briefly came under pressure after UK employment data came out better than expected; however this was short lived, with the pair finishing the day much as it started. It was a similar story against the US dollar, with the pair barely fluctuating throughout the day and finishing around EUR/USD 1.1265.
This morning sees the release of final core Consumer Price Index (CPI) figures from the Eurozone, which is forecast to remain unchanged at 0.9%. Anything weaker than forecast is likely to put the euro under pressure and see it lose ground against other major currencies.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
