020 7898 0500Wednesday was another day of little progress for the euro; it slightly improved its position against sterling and the US dollar in the morning, before these gains were then erased later on in the day. The recovery was limited due to the concerns that events in Europe over the weekend could affect the already fragile economic recovery.
This morning at 9am, the European Central Bank (ECB) net investment flow figure is released, along with the balance of payments data for the previous month; neither of these are expected to have much of an effect.
The majority of investors in Europe will be watching the continual developments surrounding last week’s events, and seeing how the French government will cope with this.
