The euro starts today marginally lower than it did yesterday against the pound.
Against the dollar, the euro is stronger this morning.
We’ve just had Spain’s unemployment rate for Q3, which rose to 12.67% – higher than market predictions of 11.9%.
Germany’s consumer climate data has also been released this morning. The indicator edged higher to -41.9 in line with market expectations and it is the first increase in consumer morale after a four-month run of record lows. However, today’s reading still points to a negative mood overall.
Italy’s business confidence and consumer confidence data will be released at 9am.
