Quiet day for the euro – but it still managed to push back against sterling

It was rather quiet in the Eurozone today, barring the release of the Money Supply year-on-year statistics; these were in line with the forecasted 5%. Despite the lack of news for the single currency, it had a fairly strong day – outperforming most of its trading partners, including a 0.5% rise against sterling.

We expect to see a much busier day today for the Eurozone, with both Germany and Spain releasing their unemployment data and CPI figures. Spanish unemployment is expected to stay at its previous level of 20.9%.

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