The single currency enjoyed a stellar day yesterday, strengthening against all major currencies and most minor currencies too.

It was a quiet day for data releases in the eurozone but that has picked up this morning with GfK consumer confidence for Germany in April coming in at -15.5, lower than expectations, and for France at 91, using a different measure but still below expectations.

Retail sales in Spain were similarly disappointing, growing by 0.7% in February against a forecast of 3%.

Tomorrow will be inflation for Spain, a speech by president Lagarde of the ECB and some consumer confidence readings. But the biggest interest will be German inflation for March.

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