The euro saw a downtick yesterday as investors left following a German Constitutional Court ruling. The court ruled that the ECB has overstepped its bounds in its bond-purchase programme, giving the central bank three months to prove that it was proportionate to the rules.
With the prospect of the Bundesbank pulling out of the programme in the future, the euro dropped against the pound and dollar.
Meanwhile, data releases have continued to come in low for both the UK and EU, with services PMI showing the fastest contraction on record.
In the US, there were some unexpected positives as economic optimism was shown to have slightly increased and non-manufacturing prices also grew month-on-month.
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