The single currency starts the week marginally higher than last Monday against USD, though it was a choppy sort of week.
Successful Brexit talks later this week should benefit the EUR globally, if not against GBP, but there are two tests of EU unity this week and it looks to have already failed the first.
Exit polls for the Polish general election suggest that the problematic (for the EU) Law and Justice Party, under Andrezej Duda, have won, which is Euro-skeptic and threatens EU unity.
Then on Friday we’ll hear about the ‘Next Generation EU’ proposals on finance for the most Covid-affected EU countries.
This week’s EUR-influencing data includes: economic sentiment index across the EU tomorrow, followed by European-wide new car registrations on Thursday morning. Then we have the all-important ECB interest rate decision on Thursday lunchtime (although no change to rates is anticipated from Christine Lagarde). There is inflation data and construction output across the EU to finish the week, although Germany, Italy and France will have been announcing theirs across the week.
