The euro lost half a cent against the USD during the day, while ending the day where it started against sterling.
Car sales collapsed by 50% in May compared to last year, but the fact that over 580,000 Europeans escaped lockdown to buy new cars was seen as encouraging by some. Carmakers hope that people will buy a new car this summer instead of taking a summer holiday and will be eschewing public transport.
Today will be a quiet day for data releases, but we do have the Euro Economic Bulletin, a new release from the European Central Bank.
