Euro is up against the pound this morning, following German inflation figures, which came in at 1.7%, with a 0.1% rise year on year. Nonetheless, it’s not all positive, with German wholesale prices, which had been expected to show growth, contracting year-on-year.
At 10:00 this morning, we will see Eurozone-wide and German economic sentiment indices, both of which are currently in the negative and are expected to drop further.
Italy’s Senate will convene today to discuss Matteo Salvini’s tabling of a no-confidence motion, after League and Five Star failed to agree a time to hold the vote. It’ll now be up to the Senate whether the motion should go ahead on Wednesday, or wait until 20th August, when the Prime Minister will speak to Parliament.
