Home » Currency Note » EUR: euro falls following a slump in investor confidence

The economic data schedule was dominated by releases from the UK and US yesterday, but the euro still found itself floundering once more as investor confidence slumped. The falls against sterling were down to continued optimism that a Brexit deal can be agreed sooner rather than later, and the outlook is looking a little rosier than it has for some time.

However, against the dollar it dropped to its lowest level since last Wednesday, as figures released showed that consumer confidence is declining. According to analysts, the reading was the lowest it has been since 2016 which will be of some concern. It is fair to say the euro has been struggling a little of late and economic data from the eurozone has been far from encouraging.

With that in mind, it will be interesting to see what the composite and services PMI data from Germany and the eurozone are when they are released today. We will also see German factory orders and if the readings miss expectations we could see some further euro weakening.

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.