Euro hit a three-year low against the pound and is still low today, following the result of the UK general election. It was also not helped by slightly worse-than-expected data releases on Friday, showing German wholesale prices to have declined faster than forecast. Italian industrial figures were better than thought, but still in the negative.
Today is a busy day, with PMI data from the Eurozone, France and Germany, and the markets will also be watching closely for any European comments on the future direction of Brexit negotiations.
This morning, German Manufacturing PMI in Germany decreased to 43.40 points in December from 44.10 points in November.
Eurozone Manufacturing PMI was revised lower to 45.9 in December from 46.9 in November, whilst Services PMI improved from 51.9 to 52.4.
