The euro weakened on Friday against the pound as poor performance continues to plague the Eurozone, with German 10-year bond yield turning negative and manufacturing hitting a seven-year low. Analysts predict a further boost in individual government spending over this year, in an attempt to boost the economy. This week, we have business confidence data on Thursday, as well as services sentiment, industrial sentiment and consumer confidence.
Otherwise, the main focus this week will, again, be on Brexit. The way forward isn’t clear now – will the UK Parliament pass, or even vote in the first place, on May’s deal? Will there be a complete change of direction? Nobody knows, so there’s more volatility ahead yet for the euro.
