The euro had a stronger day, climbing as much as 0.5% against sterling and the Australian dollar.
The economic data is coming thick and fast this morning, with a final result for Spanish GDP uprated to 2.2% year on year.
There is a lot of PMI data too, and so far we have heard manufacturing at 43.6 for France and 39.8 for Germany and services at 43.9 for France and 49.8 for Germany. While anything below 50 denotes a more pessimistic outlook overall, comparing it to pre-release expectations it seems fair to surmise that German policymakers will be happier with the result.
Next week kicks off with Germany’s Ifo Business Climate.
EUR/USD past year
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