It’s going to be a busy week for the eurozone, with European Parliament elections coming up on the 23rd, amid fears of a surge in Euroscepticism. On the same day, we’ll also see the ECB minutes and, also this week, OECD economic predictions. As if that weren’t enough, there is a number of important economic releases, including Eurozone consumer confidence on Tuesday and German manufacturing and business climate figures on Thursday. Today, we have just seen eurozone currency account figures for March released, with a better-than-expected final figure of €35 billion.
Analysts are also predicting a choppy week for the euro against the dollar, with the potential for the euro to strengthen if the perceived risk of Chinese assets increases.
The euro is surprisingly weaker against the pound this morning, but, with UK cross-party Brexit talks having collapsed, the future is far from certain.
