Home » Currency Note » Currency Note » Currency Note EUR » EUR: UK election optimism keeps euro below pound

Election optimism in the UK is continuing to put pressure on the euro, which remains down against the pound. Inflation in the eurozone continued to shrink for the fifth month running, according to figures released this morning. Meanwhile, the Eurozone’s trade surplus rose, in another unexpectedly positive data released, reaching 187 billion, instead of the forecast 17.5 billion. Exports grew 5.2%, with imports growing at just 2.1%.

It’s been a positive week for the Eurozone, although we haven’t seen much upward movement against the pound. Today is relatively quiet, but tomorrow will see construction figures and, on Wednesday, we’ll see the ECB’s financial stability review. Friday will be a busy end to the week, with manufacturing, service and composite PMI for Germany and the Eurozone.

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.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

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.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.