020 7898 0500The euro had a much improved day on Wednesday, again pushing up against sterling and fighting back against the US dollar. The fears surrounding the UK’s EU Referendum were again behind the increase for the euro against sterling, rather than activity in the Eurozone itself, and it was a similar story against the US dollar as slightly worse than expected new home sales data in America strengthened the euro but only marginally.
This morning we have Consumer Price Index data from Germany which was forecast to increase from last month’s figure of 0.2% up to 0.4%. This is considered a significant figure for the Eurozone’s largest economy and could support the belief that the quantitative easing program is starting to take effect.
