Euro benefitted yesterday from a weak pound as fears about no-deal returned. The UK government is set to enshrine the end of the transition period as December 2020, meaning that, if trade talks are not complete by then, then the period could be up without an agreement.
The Eurozone’s trade surplus showed a sharp widening by around €15 billion, according to figures released yesterday. Early this morning, German PPI figures remained unchanged month on month, while Ifo expectations showed a slight increase. Later today, we’ll see construction figures, expected to show a rebound from last year’s negative data.
