The euro is choppy today, with uncertainty around Brexit and worries for the upcoming European elections putting the pressure on. The single currency dipped to a week low yesterday against the dollar, as fears that Eurosceptics will gain a greater share of European Parliament seats in next week’s election come to the fore. Italy’s Matteo Salvini has said that he would like to ‘tear apart’ the rules that ‘strangle’ Italy if he could.
On a more positive note, the eurozone’s trade surplus was shown to be higher than expected yesterday, although it does still represent a fall year-on-year. The European Union as a whole’s trade surplus had a very sharp fall, from €11.2 billion to €2.9 billion.
Today, we’ll see a number of important releases, including April’s inflation rate – expected to increase by 0.2% – and construction output figures.
