The euro is maintaining its strength against the dollar this morning and is slightly stronger against the pound. It’s thought that Brexit talks could mainly impact sterling movements and it’s possible that the euro could be impacted by any shocking data releases. The ECB will also release the minutes from their latest policy meeting on Thursday.
Inflation rate figures are due in for the euro area this week, as well as Consumer Confidence and PMI’s on Friday. If the PMI data points to continued recovery for the Eurozone, then the euro could strengthen as a result.
The second estimate for Eurozone GDP came in on Friday, showing that the economy shrank 12.1% in the three months to June 2020, the biggest contraction on record and entering a recession.
