020 7898 0500The euro had a slightly disappointing day across the board yesterday, doing well against the US dollar but on the whole falling against the majority of its peers. On Tuesday morning, Consumer confidence for Italy just about beat expectation, but as this is not a major release, there was only a slight gain in the market before further losses followed in the afternoon. Against sterling, the single currency finally lost ground after the bank holiday in the UK saw some strength for the pound.
Today is expected to be a busier day for the single currency, with firstly the release of Consumer Confidence data from the Eurozone, and it is forecast to weaken to -9.7 from -8.8. Preliminary consumer price index from Germany is also expected, but this is often only a rough indication and is forecast to improve on last month from 0% up to 0.2%.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
