Tomorrow morning, the latest euro area inflation for June will be released. Markets forecast the rate to fall to 2.5% from May’s 2.5%, moving slowly closer to the European Central Bank’s 2.0% target.
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Over the weekend, the initial round of the French snap parliamentary elections took place and Marine Le-Pen’s far-right party won with 33.2% of the vote. We’ll find out who takes the outright majority on July 7th.
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A similar story for the US dollar, with positive moves against the yen, Canadian and Australian dollars but little against the pound and euro. The markets will be looking at the fallout from the presidential debate today, along…
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It’s been a mixed 24 hours for the single currency, with rises against the yen, Aussie and Canadian dollar but treading water against the pound, US dollar and rupee. After today’s inflation data, Monday starts with PMI data…
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Sterling drifted against its main rivals the euro and USD yesterday but it wasn’t all bad news. After a dearth of data lately, investors heard UK GDP grew 0.7% on quarter one beating forecasts of 0.6%
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Sterling weakened fractionally against the euro on Thursday while having an up-and-down sort of day against the US dollar. The biggest economic story of yesterday was the resurgence of the euro, which strengthened against all major currencies (albeit…
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US GDP growth is expected to have slowed to 1.3% in the first quarter of 2024. That would be a steep drop off from last quarter, so all attention will be on the data this afternoon.
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Aside from Friday’s inflation figures, there isn’t too much on the schedule for the eurozone between now and the weekend. That means the euro could well drift until the start of next week, when markets will be anxiously…
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