As with everywhere else yesterday, there were no major economic data releases from the eurozone. The euro did manage to make some marginal gains against sterling which had a pretty poor start to the week against the dollar, but the single currency didn’t fare too well against the greenback. It fell back below the $1.13 mark by some distance, with the rest of the week potentially significant for the eurozone.
We will certainly get more of an idea of how the German economy has fared of late, with many economists expecting the GDP growth rate for the third quarter of 2018 to be particularly disappointing. We will have to wait until tomorrow to see if those fears are realised, but today is pretty hectic too.
First up is the German inflation rate for October and we will also see the ZEW economic sentiment indices from Germany and the eurozone. In Germany, the figure is expected to fall even further back to -25 in November from -24.7 the previous month.
