Home » Currency Note » Currency Note » Currency Note EUR » EUR: inflation holds steady as expected

On a day dominated by the potential impacts of Brexit and Trump’s escalation of the trade battle with China, the inflation rate from the eurozone passed under the radar somewhat. Still, we’re here to report on the major economic releases of the day, so it is our duty to tell you that inflation fell to 2% in August from 2.1% the previous month. This was in line with expectations and nothing happened to the euro as a result.

The single currency traded sideways against sterling throughout the day, but it did manage to make some gains against the dollar which weakened following the trade war reports.

Like the UK, there isn’t much on the schedule today from the eurozone, although European Central Bank president, Mario Draghi will be delivering a speech this morning. Tomorrow we will see the eurozone’s construction output in July.

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.