The euro lost some ground against sterling and the dollar on Friday, but the moves weren’t all that significant. The eurozone’s balance of trade figures were released and showed that the surplus declined to €17.6 billion in July from €21.6 billion a year earlier. This was below the €18 billion surplus the markets had expected.
We also saw the wage growth figures for the second quarter of 2018, which showed an increase of 1.9% year-on-year, from 1.8% in the previous period.
The eurozone’s inflation rate for August will be released today. It is expected to have dipped to 2% from 2.1% the previous month.
