What could this week’s data spell for the euro?

Last Friday saw the euro move sideways against sterling despite German Factory Orders coming in considerably worse than expected (at -0.4%), and Italian Industrial Production decreasing by 0.4%.

The only significant data releases for the Eurozone this week fall on Friday, with German Preliminary Gross Domestic Product (GDP figures forecast at 0.3% – lower than last month’s 0.7%). European Flash GDP data will also be released on Friday morning; however this is forecast to be unchanged from the previous figures at 0.4%

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