020 7898 0500In contrast to considerable data activity in the UK, US and further afield, the Eurozone had a relatively quiet time on Wednesday, with only French Consumer Inflation data posting a negative figure, as expected. Industrial production data in the European Union also declined further, a figure that has struggled in the last six months.
The euro did experience movement with its major currency pairings as a result of sterling strength and US dollar weakness. Strong labour data for the UK meant that sterling recovered a significant proportion, if not all, of Tuesdays losses against the euro, while the US dollar weakened just over half a cent against the euro.
With minimal data expected today, we could see further euro movements on the back of both sterling and US dollar releases.
If you are looking to buy or sell euros, keep a close eye on the markets. We suggest contacting your trader now for live rates, news and currency-purchasing strategies.
