Currency Note EUR

EUR: industrial output unexpectedly falls

 

On an otherwise quiet day for economic data, industrial productions figures for July were released from the eurozone. Both the year-on-year and month-on-month readings unexpectedly fell and came in below expectations.

This could be a sign that trade war fears are having a real bearing on the eurozone’s economy. With that in mind, EU leaders will probably be delighted to hear that the US is proposing a fresh round of trade talks with China.

Germany’s inflation rate for August will be released today, with analysts expecting it to remain at 2%. We will also see the ECB’s interest rate decision (rates will be held), as well as the press conference. With quantitative easing set to end after December, it will be interesting to see if there are any further indications over future policy.

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.