The euro ended the week drifting against the pound, despite a relatively good round of PMI data. The biggest news for the eurozone was perhaps the launch of the ECB’s strategic review, with observers widely expecting that it will result in some form of modification of the Bank’s inflation target.
This week, the focus will naturally be on Brexit, with the UK set to leave the European Union on Friday. The European Parliament will vote on the Withdrawal Agreement on Wednesday, which is largely seen as a formality at this point.
This morning’s German business confidence figures showed a small drop, despite predictions of a small improvement. Later this week, we will also see German consumer confidence, EU loan data and industrial/services sentiment for the Eurozone.
