It’s been an expectedly choppy start to the week for the euro, with political news from the UK dominating the headlines. The single currency was given a boost yesterday by an unexpected improvement in investor sentiment, but there is still more to come today. European economic sentiment is forecast to decline by almost 17 points, although German sentiment is set to increase.
In other words, things could go either way. We also have a range of other releases, including industrial production. This morning, French non-farm payrolls showed an increase of 0.2% from the previous period to 25.40 million in the third quarter of 2019.
As well as the results of the UK election early on Friday, the markets are looking forward to Christine Lagarde’s monetary review on Thursday, when they will be watching closely for signs of her support for the stimulus package and hints of whether it will be deepened in the future or not.
