020 7898 0500The euro gained ground slightly against sterling on Monday, but peaked and troughed against the US dollar. Data released showed that German consumer prices had risen by 0.1%, in line with expectations – although other reports from the Eurozone and Greek debt concerns meant there was a muted overall effect. There were weak readings elsewhere, with France’s manufacturing data still coming out below 0%, and Germany registering only a small amount of growth.
Today’s releases include German unemployment claims out before 9am today and the Consumer Price index for the whole Eurozone at 10am.
