Currency Note EUR

EUR: eurozone inflation expected to ease to 2%

 

The headline release from the eurozone in Friday was the flash inflation rate for August. It is expected that it will ease to 2% in August, lower than the 2.1% that the markets had expected. We also saw the unemployment rate come in at 8.2% in July, which was the same as the previous month and in line with expectations. It is the lowest rate since November 2008.

Retail sales in Germany were extremely disappointing in July. A 0.2% fall had been expected, but sales actually dropped by 0.4%. This comes a month after a downwardly revised 0.9% rise in June. The euro didn’t do too well against sterling or the dollar, but movements were pretty quiet throughout the day.

Like the UK, we will see the Markit manufacturing PMI figures in Germany and the eurozone. Both are expected to dip a little to 56.1 and 54.6 respectively. The highlight of this week is the third estimate of the eurozone’s GDP growth rate for the second quarter of 2018. It is expected that growth will slow to 2.2% from 2.5% in the previous period.

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.