020 7898 0500The euro had a slower day on Friday than on the preceding day, as it remains near enough unchanged against sterling but crept back up to a five-month high against the US dollar. The reason for the movement against the US currency was down to sentiment for the dollar as it remained vulnerable since the minutes of the Federal Reserve’s latest policy meeting confirmed the central bank’s cautious stance on interest rate hikes, which the single currency ultimately benefitted from.
Consumer Price Index (CPI) data – an indicator of inflation – is out on Thursday, and expected to vastly improve from 0.2% up to 1.2%. Investors will be watching closely as many will be expecting the new quantitative easing (QE) programme to start to have a positive effect on the Eurozone’s inflation levels.
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