Home » Currency Note » Currency Note » Currency Note EUR » EUR: Euro struggles after disappointing data

The euro weakened against sterling and the dollar yesterday following poor eurozone data.

Eurozone PMI fell to 49.9 in July, indicating that the economy has contracted. Retail sales for the eurozone also fell by 1.2% in June as soaring prices and poor consumer confidence restricted consumer spending. PPI for the eurozone increased by 1.1% in June as energy prices jumped.

This morning the euro continues along the same path ahead of the BoE interest rate decision.

Later today, European Central Bank official Frank Elderson will speak. Markets will be listening for any comments surrounding the eurozone inflation and the next ECB interest rate decision.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

  • This field is for validation purposes and should be left unchanged.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.