Christopher Nye
on June 25th, 2021 The euro has strengthened against both the pound and the dollar this morning, supported by the BoE’s dovish announcement.
German consumer confidence soared in June, well above market expectations and the highest reading since last August. This is a further indication of eurozone economies starting to open up and return to ‘normality’ – a potential threat to sterling.
Later today, we will also see consumer and business confidence for Italy and unemployment figures for France.
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