The single currency’s steady rise against sterling over the past three weeks continues to belie the Eurozone’s poor economic performance and political troubles. The national calamity of Notre Dame burning down failed to unite France, with the gilets jaunes hitting the streets again on Saturday, and throughout Europe the focus is back on populist groupings as the European Elections approach.
The biggest data release of the week is this afternoon’s Eurozone consumer confidence reading, which is expected to fall further. Tomorrow we have the IFO economic expectations for Germany, and business confidence in France, all of which are forecast to remain little changed. Of greater interest this week, perhaps, will be the Spanish General Election to be held on Sunday.
