Euro is up against a weakened pound this morning, as Brexit uncertainty continues to weigh it down. French industrial figures came in much better than forecast this morning, providing an unexpected boost, at 2.1% instead of 0.2%.
Yesterday, Bunkhard Balz, member of the board of Germany’s Bundesbank, told the Cloud Banking Summit that becoming digital was of primordial importance for central banks, and that reforms were underway, saying that ‘the financial system is being redesigned in a way we have not fully understood, and this raises new questions that require new answers’.
Although today has been relatively quiet with economic releases, tomorrow will be busy, with German and French inflation, and, crucially, ECB monetary policy meetings, too. There is also a large number of economic releases from the US, also including inflation, which could well impact EUR-USD.
