020 7898 0500The euro had a fairly quiet start to the week on Monday, closing at much the same level that it had opened at that morning against most major currencies. The main movement of the day was seen against sterling, when a sharp move caused sterling strength across the board, causing the single currency to lose almost 1% in a matter of minutes – and it remained at this level for the rest of the day.
This morning we see the release of final harmonized Consumer Price Index (CPI) from Germany, which was expected to tick up slightly from -0.2% to 0.1%. This will be watched closely, as will Thursday’s CPI figure for the entire Eurozone which is anticipated to vastly improve.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
