Euro falls thanks to sentiment around extended Quantitative Easing

The euro pushed down to its lowest levels in seven months against sterling and the US dollar on Tuesday, despite the much better than expected data from Germany; this showed that German investor confidence has rebounded positively. This disappointing performance was largely down to increasing likelihood of the European Central Bank (ECB) monetary policy being loosened in December. This confirmed that growth in Germany, which is the Eurozone’s largest economy, will remain on track for its forecasted growth in quarter four of 2015.

Today the focus is likely to be on other markets so we could expect a quieter day but with events in Paris continuing to unfold nothing can be certain.