The euro is still strong against the pound today climbing nearly half a percent higher than it was this time last week. Against the dollar the euro has strengthened overnight but is still weakening compared to the previous week.
last week the euro performed well, growing stronger against the pound. The BoE’s interest rate decision was a reason for this, in addition to Germany’s production rates beating market expectations.
Against the dollar however, the euro fell sharply. This followed an unexpected increase in job openings in the US according to the non-farm payroll data release on Friday.
Market watchers will be keeping a close eye on the eurozone economy this week as Germany’s inflation rates will be released. Data on Inflation Rate YoY Final JUL, Inflation Rate MoM Final JUL released.
