020 7898 0500The euro has had a good week, strengthening consistently throughout against both the US dollar and sterling. Most of these gains were down to weakness elsewhere, rather than any news out of the euro area – evidenced by sterling’s slight fight back thanks to positive news yesterday afternoon. The main positive news for the single currency was the release of final consumer price index data from the Eurozone, with figures that were slightly better than the expected 0.1% at 0.2%, and, crucially, hugely better than last month’s figure of -1.4%.
This morning, the producer price index from Germany is released and this is expected to improve on last month from -0.7% to -0.2%; other than this we can expect the euro to have a quieter day.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
