Currency Note Euro

Inflation data today to move euro?

By Ricky Bean February 26th, 2016

The euro showed very little movement throughout Thursday, finishing the day around the levels that is started at. Eurozone Consumer Price Index (CPI) data – a measure of inflation – came out slightly lower than expected at 0.3%, creating a patch of mid-day fluctuations. However, any data releases continued to be overshadowed by the continual uncertainty surrounding the future of the UK in the European Union.

Today will see the start of the G20 meetings in Shanghai and inflation data released for Germany, France and Spain. Preliminary growth figures from the US are predicted to come out lower than previously, which could result in some temporary euro strength.