The euro is still at a weaker level against the dollar and around the same levels against the pound this morning.
The European Central Bank concluded its strategic review yesterday and will announce its findings today. The main change is thought to be abandoning its inflation target of ‘just below 2%’ and changing this to a symmetric 2% goal. A symmetrical inflation target means that inflation which is below or above the target are seen to be equally as bad as each other.
Balance of Trade figures for Germany came in this morning, showing that the trade surplus widened to €12.3 billion in May from €7 billion a year earlier.
