Euro saw a slight strengthening against the pound yesterday. Data releases showed a mixed bag, with Eurozone-wide and German services PMI coming in better than expected.
The UK parliament is expected to vote (and pass) its Withdrawal Agreement Bill on Friday, and focus is starting to turn to the following trade negotiations. Concerns remain over how short the timescale to have them done by is, with just eleven months after Brexit to go. Ursula von der Leyen told a summit on Friday that the timetable remains ‘highly ambitious’, but they would try to ‘close a maximum of chapters’ by the deadline.
European wages continue to grow, although, at 2.6%, at a slightly lower rate than the previous year, but this was largely within market expectations.
