Euro was put under pressure this morning after very disappointing economic sentiment data. Figures for Germany dropped to 8.7, instead of the forecast 21.5, while figures for the eurozone – expected to show a five-point rise – showed a 15-point drop. However, the lows are still not a record low, so there is hope that it could be a temporary stumbling point, especially with so much uncertainty globally.
Today, we will see little economic data being released, beyond construction figures this morning, so we can expect the markets to continue speculating on what yesterday’s poor performance means for the future.
