The euro is choppy ahead of a day of important economic releases and the announcement of the new UK Prime Minister, which could help to signal the direction of future Brexit negotiations. Business confidence figures for the eurozone are expected to show a decline, as is economic sentiment. Meanwhile, German inflation is expected to have eased a little.
France’s government deficit has continued to widen, although it is still below 2018 levels. Meanwhile, the markets are also looking forwards to the ECB meeting on Thursday for hints of rate changes.
