The euro strengthened by well over 0.5% yesterday against the US dollar to its highest point this month.
Against the pound, following a week of losses that saw it fall to its weakest for 19 months, the euro strengthened steadily throughout the day. However, it is still well below this time last week and one cent down on the month.
Yesterday was slow for data releases and there isn’t a great deal around today either. Things pick up tomorrow, however, with a final reading for eurozone inflation in September.
