Euro was given a slight boost this morning after German consumer confidence figures came in better than expected. Nonetheless, with optimism over the UK election result continuing to put it under downward pressure. There was also some positivity yesterday, as German business climate figures showed a small improvement to 95 points.
Today is not particularly busy with economic releases, but we will see speeches from the ECB’s Luis de Guindos and Philippe Lane in Frankfurt on challenges and opportunities for European leadership. Thursday will be a busier day, with business confidence and economic and industrial figures.
