020 7898 0500The euro had a pretty quiet day on Wednesday in the run-up to the US Federal Reserve post meeting announcement, with the only piece of news being that inflation (in the form of a Consumer Price Index) had risen to 0.2% last month, up from a preliminary estimate of 0.1%. This is still worryingly low for the region as the rate has now been below 1% for 26 months in a row, which is significantly under the European Central Bank’s target of just under 2%.
The euro’s reaction to the Federal Reserve’s interest rate increase was muted as the increase was in line with expectations.
Early this morning Germany IFO business survey is released and is forecast to remain unchanged from last month’s figure.
