Euro is down against sterling this morning, as the pound strengthened based on the latest poll data. Yesterday saw French consumer confidence figures come in better than expected, but this positivity was balanced by poorer-than-expected business and consumer confidence from Italy, which, as one of the weaker ‘key’ economies, is one observers would very much like to see on the up.
Today is the busiest day of the week for European data releases, with figures for business, economic, industrial and consumer confidence/sentiment, as well as Spanish inflation and retail sales. Then, at noon, we will also see German inflation figures.
