020 7898 0500It was a promising start yesterday for the euro as French Consumer Price Index (CPI) data was released at a better figure than expected, 0.8%, and higher than the previous figure of 0.3%. This however was negated as we saw worse than expected inflation figures, at 0.8% instead of 2.9% year-on-year. This meant the euro could not fight any further against sterling and weakened against the US dollar.
First thing today, Italian CPI data is released, and these figures are expected to show no change. Later on in the CPI figures for the broader Eurozone are released and these are expected to be positive. Any divergence from expectations will impact on the euro.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
