Home » Currency Note » Currency Note » Currency Note EUR » EUR: eurozone consumer confidence still deep in negative territory

The only release of note from the eurozone yesterday was the flash consumer confidence reading for February. Last time around, the figure came in at a disappointing -7.9 and the markets had been expecting a very slight increase to -7.8. However, the figure actually rose by 0.5 points to hit -7.4. While that beat expectations, it will still be of some concern that the reading is deep into negative territory.

The euro made some gains against the euro to post the third successive day of strength against the greenback. However, the moves were within a very tight range as the markets were fairly quiet throughout the day.

Today we will see the German inflation rate for January, as well as manufacturing and services PMI readings from Germany and the eurozone. The euro area needs some positive news sooner rather than later as it has been struggling of late. Whether today will help matters is up for debate, with the markets expecting very slight movements across the board.

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.