The euro has started the day relatively stable against the pound, as the markets await tomorrow’s interest rate decision. Yesterday saw a significant decline in Spanish industrial orders, but little movement on the back of this, as there was also cause for optimism as Eurozone and German economic sentiment figures came in much better than expected, both more than doubling since the last release.
Bloomberg reports that Christine Lagarde is set to announce the European Central Bank’s largest-ever review, and it could see the inflation target change to a ‘symmetrical’ one, as previously rumoured, as well as a greater focus on the environment.
