Home » Currency Note » Currency Note » Currency Note EUR » EUR: Single currency slides against all but GBP

A mixed day for the single currency saw it gain 1% on the US dollar in the morning session, and then lose it all in the afternoon. It managed to hold on to some of its gains against the pound.

Later this morning we’ll hear German inflation for November, which will give some indication of what the ECB still needs to do to tame inflation. However, Spanish inflation has come in at below market expectations this morning, with prices falling by 0.1% in November to an annualised 6.8%, well below market expectations.

Overall, worries over inflation and recession are weighing on the euro, exacerbated by stress on the global economy.

EUR/USD past year

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