020 7898 0500We saw limited movement for the euro on Wednesday although it did weaken slightly against both sterling and the US dollar. Many Eurozone countries continue to disagree about Greek’s debt relief which could be a storm just waiting to happen for the euro given last year’s problems. With no data releases yesterday, attention focussed purely on Draghi who spoke in the morning but failed to comment on anything of note.
We can expect further movement today, as we look forward to the European Central Bank meeting and the Eurozone interest rate decision and the press conference that follows. Both the Interest rate and monetary policy are expected to remain the same – but news from the press conference may well dictate the market.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
