The euro strengthened sharply against the pound last week, and that continued through Monday when the UK exchanges were closed.
Against the US dollar a choppy week ended with some support for the single currency, although it remains marginally below parity.
Yesterday was a quiet start for data in the eurozone, but so far today we’ve heard that Spanish inflation is marginally lower than expected (10.4% against an expectation of 11%). Of more interest to the markets will be German inflation, being released at lunchtime, and French inflation tomorrow.
Shortly we will hear a measure of economic sentiment in the eurozone, which is expected to have fallen in the past month.
