The single currency fell against both the pound and the dollar yesterday, in the run-up to the first of the three major elections in Europe this year. On 15th March the Dutch will head to the polls.
There was no major economic data released yesterday. Today sees a slight increase in activity, with Germany and France publishing their consumer price data, and the ZEW, the Centre for European Economic Research in Mannheim, releasing two key sentiment figures, current conditions and economic sentiment, for Germany as well as economic sentiment for the bloc as whole. The centre’s research is well respected by the markets, so it could cause volatility for the euro if there were deviations from the expected outcomes.