020 7898 0500All things being equal it was probably a good week for the euro as the situation in Greece escalated. Economic data seems to be improving as the weak euro is boosting exports and the European Central Bank made no changes on Wednesday to their monetary policy.
Yesterday the yield on 10-year Greek bonds took a jump, and the yield on two-year bonds also spiked, as concerns begin to grow that Athens is no closer to reaching an agreement on their bailout with any of its creditors, heightening the expectation that Greece could be forced out of the euro zone.
Today we have the Consumer Price Index – a measure of inflation – out at 10am as the main release for the day, following balance of payments released earlier on in the day.
