The euro was in two minds yesterday, losing to the pound (marginally) but gaining on USD and the yuan, possibly in reaction to the minutes of the ECB’s latest meeting. This was broadly confident of recent economic performance in the eurozone while highlighting some anxieties too. They will be continuing their “wait and see” approach to interest rates. We will get another view on its economic health shortly, with PMI across the zone and then Ifo Business Climate on Monday.
GBP/EUR past year
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