It was a choppy day for the euro yesterday, as the markets reacted to worries over a potential ‘no trade deal’ Brexit. This morning, services PMI for the Eurozone, France and Germany have shown little movement, although yearly retail sales later on today are forecast to show a 0.2 point increase.
Philip Lane is set to speak later today, as is President Lagarde, after the former told the Financial Times at the weekend that he considers the ECB to be on target for its inflation aims, and reiterated that he would like to see housing data taken into greater consideration in these targets.
Tomorrow, we will see further speeches from Lagarde and Luis de Guindos, as well as the ECB’s economic bulletin for the Eurozone, and German construction PMI.
