020 7898 0500Yesterday was a good day for the Euro as we saw it strengthen against both sterling and the US dollar. The final Purchasing Managers’ Index (PMI) data for the Eurozone exceeded expectations as it hit a ten-month high, which compared positively to PMI data from the UK and US, which fell short of expectations. However, we do still have the Greek debt problem that need to resolved and until this happens the euro is unlikely to make significant gains.
Today’s release of the European Central Bank (ECB) monetary policy meeting minutes may provide insight into the economic conditions that influence the central bank’s decision on how to set interest rates.
