The euro had a positive day against the pound but elsewhere there was little movement and what there was, was downwards.
Yesterday’s data including a downbeat reading for consumer confidence in Germany, but also a larger-than-expected fall in Italian inflation, which is now down to 6.4%. Spanish inflation has fallen to 1.9% and is now below the ECB’s 2% target on this morning’s preliminary reading. Later this morning we will hear Germany’s and tomorrow, France’s and the whole eurozone’s inflation.
EUR/USD past year
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