The single currency strengthened by just over half a cent against sterling yesterday, and while it has fallen back slightly this morning it is holding onto the majority of those gains for now.
Against the US dollar the euro continued to bed in close to its lowest point for a year. There was little movement and no real sign of recapturing the briefly-held heights of early September.
There was little to trouble the markets on the data front yesterday for the single currency, or today, but we will see eurozone consumer confidence readings tomorrow and a large set of data on Thursday including PMI across all major economies.
The bigger influence on EUR midweek, however, is likely to be other countries’ interest rate decisions.
