Home » Currency Note » Currency Note » Currency Note EUR » EUR: eurozone balance of trade figures narrow sharply

The euro enjoyed a fine day against the pound yesterday following the political fallout we saw from the UK. It is the biggest day of gains against sterling for some time now. Against the dollar, things were much more sedate; the appetite of investors clearly revolved around the pound and will likely continue to throughout today.

Economic data from the eurozone was disappointing though, with the balance of trade figures showing the trade surplus narrowed sharply to €13.1 billion in September from almost double that the same month last year. Other than that, it was fairly quiet – the headlines were understandably dominated by UK politics.

Today sees wholesale prices from Germany, as well as the eurozone’s inflation rate for October. It is expected to nudge up to 2.2% from 2.1% the previous month. European Central Bank President Mario Draghi is due to give a speech this morning and it will be interesting to see if he says anything about future monetary policy, particularly given recent disappointing data from across the eurozone.

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.

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.

Secure and efficient transfers

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

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

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

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

Refer a friend or business

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