020 7898 0500The euro had a mixed week last week, strengthening significantly against sterling as it pushed to its highest point in 15 months on Thursday. This was for the same reasons as before, with the uncertainty over Britain’s future in the European Union continuing to pressure sterling. However, the single currency performed relatively badly against the US dollar, after worse-than-expected data came out of the Eurozone, which worked against the single currency.
As it was a bank holiday last Friday and yesterday in the UK, liquidity was low in the market so we may well have seen some fluctuations on Monday. It is a quiet start to the week in terms of Eurozone economic data, until Wednesday, when consumer confidence figures are due. Thursday will bring German unemployment figures.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
