It’s been a tough week so far for the euro as it has continued to decline against both sterling and the dollar. Today the euro is still weak against sterling but gains strength against the dollar.
The Ifo Business climate data will be announced today. Figures are expected to fall again, this time from 88.6 to 86.2.
Eurozone economy is predicted to shrink as Germany will release its latest GDP growth rate YoY data today. The previous GDP figures came in at 3.6, while the latest prediction is a much smaller 1.4%
France’s unemployment data will be released today. The number of unemployment benefit claims is predicted to reduce to 9K after rising to 13.6K the previous month.
