The euro stayed stable last night, with just a slightly weakening against the pound as news emerged that Theresa May would seek another short extension to Brexit. It was quiet day otherwise for the Eurozone. The single currency did gain against the dollar, but still needs more impetus to reach the previous week’s levels.
Later today, we’ll have year-on-year and month-on-month figures for retail sales, both expected to have dropped. From individual countries, French, German and Spanish services PMI releases all came in higher than forecast, in a positive sign for the single currency zone’s economy. Tomorrow will be an important day, with ECB monetary policy meeting accounts.
