Euro has started the day stronger against the pound, as objections to the UK’s Brexit plans began even before any publication. It was also boosted by stronger-than-expected German manufacturing figures, providing some positive news an economy largely seen as troubled in the short-term.
Eurozone inflation slowed year-on-year thanks to cheap energy, a figure supporters of the ECB’s decision to loosen policy say justifies the move, although opposition is still very public.
Today, most movement will be related to politics, with the British government set to reveal its Brexit plans around noon. Opposition has already been raised to leaked proposals, although it remains to be seen what shape the final document will take. Tomorrow will also be an important day for data release, with services PMI, retail sales and a speech from de Guindos.
